MATH 557 Short-Term Actuarial Mathematics 1
Loss and frequency distributions, limited expected value, parametric and non-parametric models, scale distributions, creating new distributions, insurance coverage modifications by deductibles and limits, effects of inflation, aggregate distributions for collective and individual risk models, classical and Bayesian credibility models. Prerequisite or parallel: MATH 620 or equivalent; or permission of the department chairperson. Not open to students who have credit in MATH 457.