To understand the use of mathematical modelsof mortality, illness and other life hiustory events in the study of processes of actuarial interest
To be able to estimate the parameters in these models, mainly by maximum likelihood
To apply methods of smoothing observed rates of mortality and to test the goodness-of-fit of the models.
By the end of the course, students should be able to do the following:
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SCQF Level: 11
Credits: 15