Description
Statistical Foundations of Actuarial Learning and its Applications, 1st ed. 2023
Springer Actuarial Series
Authors: Wüthrich Mario V., Merz Michael
Language: EnglishSubjects for Statistical Foundations of Actuarial Learning and its...:
21.09 €
In Print (Delivery period: 15 days).
Add to cart the book of Wüthrich Mario V., Merz MichaelPublication date: 11-2022
605 p. · 15.5x23.5 cm · Paperback
26.36 €
In Print (Delivery period: 15 days).
Add to cart the book of Wüthrich Mario V., Merz MichaelPublication date: 11-2022
605 p. · 15.5x23.5 cm · Hardback
Description
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Statistical modeling has a wide range of applications, and, depending on the application, the theoretical aspects may be weighted differently: here the main focus is on prediction rather than explanation. Starting with a presentation of state-of-the-art actuarial models, such as generalized linear models, the book then dives into modern machine learning tools such as neural networks and text recognition to improve predictive modeling with complex features.
Providing practitioners with detailed guidance on how to apply machine learning methods to real-world data sets, and how to interpret the results without losing sight of the mathematical assumptions on which these methods are based, the book can serve as a modern basis for an actuarial education syllabus.