9781107045415-110704541X-Modelling Mortality with Actuarial Applications (International Series on Actuarial Science)

Modelling Mortality with Actuarial Applications (International Series on Actuarial Science)

ISBN-13: 9781107045415
ISBN-10: 110704541X
Edition: 1
Author: Macdonald, Angus S.
Publication date: 2018
Publisher: Cambridge University Press
Format: Hardcover 384 pages
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Book details

ISBN-13: 9781107045415
ISBN-10: 110704541X
Edition: 1
Author: Macdonald, Angus S.
Publication date: 2018
Publisher: Cambridge University Press
Format: Hardcover 384 pages

Summary

Acknowledged authors Macdonald, Angus S. wrote Modelling Mortality with Actuarial Applications (International Series on Actuarial Science) comprising 384 pages back in 2018. Textbook and eTextbook are published under ISBN 110704541X and 9781107045415. Since then Modelling Mortality with Actuarial Applications (International Series on Actuarial Science) textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

Description

Actuaries have access to a wealth of individual data in pension and insurance portfolios, but rarely use its full potential. This book will pave the way, from methods using aggregate counts to modern developments in survival analysis. Based on the fundamental concept of the hazard rate, Part I shows how and why to build statistical models, based on data at the level of the individual persons in a pension scheme or life insurance portfolio. Extensive use is made of the R statistics package. Smooth models, including regression and spline models in one and two dimensions, are covered in depth in Part II. Finally, Part III uses multiple-state models to extend survival models beyond the simple life/death setting, and includes a brief introduction to the modern counting process approach. Practising actuaries will find this book indispensable, and students will find it helpful when preparing for their professional examinations.

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