{"product_id":"9781119538080","title":"Loss Models: From Data to Decisions, Book + Solutions Manual Set","description":"\u003ch1\u003eLoss Models: From Data to Decisions, Book + Solutions Manual Set\u003c\/h1\u003e\u003ch3\u003eStuart A. Klugman\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Statistics\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp\u003eA modern practical guide to building and using actuarial models.\u003cbr\u003e\u003cbr\u003eLoss Models: From Data to Decisions is organized around the principle that actuaries build models in order to analyze risks and make decisions about managing the risks based on conclusions drawn from the analysis. In practice, one begins with data and ends with a business decision. The book flows logically from this principle. It begins with a framework for model building and a description of frequency and severity loss data typically available to actuaries. Parametric models are emphasized throughout.\u003c\/p\u003e \u003cp\u003eThe frequency and severity models are used in building aggregate loss models, in credibility-based pricing models, and in loss analysis over multiple time periods.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDesigned as both an educational text as well as a professional reference, Loss Models:\u003c\/li\u003e \u003cli\u003eAssumes little prior knowledge of insurance systems\u003c\/li\u003e \u003cli\u003eFeatures many fascinating examples taken from insurance files\u003c\/li\u003e \u003cli\u003eContains a major instructive case study continued through each chapter\u003c\/li\u003e \u003cli\u003eCovers the classical areas of risk theory and loss distributions\u003c\/li\u003e \u003cli\u003eGives a practical but rigorous treatment of modern credibility theory\u003c\/li\u003e \u003cli\u003eUses standard statistical concepts, methods, and notation\u003c\/li\u003e \u003cli\u003eProvides modern computational algorithms for implementing methods\u003c\/li\u003e \u003cli\u003eIncludes free companion software available from an FTP site\u003c\/li\u003e \u003cli\u003eDeals with many topics on CAS 4B and SOA 151 and 152 actuarial exams\u003c\/li\u003e \u003cli\u003eIncludes many exercises based on past CAS and SOA exams.\u003c\/li\u003e \u003c\/ul\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e21 May 2019\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781119538080\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e36.0\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44315325333644,"sku":"9781119538080","price":166.46,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781119538080_314552a2-1182-4b13-a1f3-14d885d1260b.jpg?v=1780107382","url":"https:\/\/lateknightbooks.com\/products\/9781119538080","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}