Regression for Actuaries (RegAct)
Course content
- Multiple linear regression and least squares methods.
- Generalized linear models.
- Survival regression models.
- Nonlinear effects and basis expansions.
- Parametric, semiparametric and nonparametric methods.
- Aspects of practical regression analysis in R.
Bacheloruddannelsen i forsikringsmatematik
Knowledge:
- Linear, generalized linear and survival regression models.
- Exponential dispersion models.
- Weigthed least squares, likelihood and partial likelihood methods.
- Basis expansions and penalized regression.
- Model assessment and model selection methods.
- Semiparametric and nonparametric methods.
- R.
Skills: Ability to
- perform a mathematical analysis of likelihood functions in a regression modeling context.
- compute parameter estimates for a regression model.
- perform model diagnostics, statistical tests, model selection and model assessment for regression models.
- construct confidence intervals in theory as well as in practice.
- visualize regression models.
- use R to be able to work with the above points for practical data analysis.
Competences: Ability to
- construct regression models using combinations of linear predictors, basis expansions, link-functions and variance functions.
- interpret a regression model and predictions based on a regression model.
- evaluate if a regression model is adequate.
4 hours of lectures for 7 weeks.
4 hours of exercises for 7 weeks.
1-2 hours in selected weeks for test quizzes and exam
quizzes.
StatMet and MStat or similar
Academic qualifications equivalent to two years BSc studies is
recommended.
This course is equivalent to NMAK11022U Regression (Reg)
The students will get written feedback on their group projects.
They will get oral feedback during the exercise classes and individual feedback on the test quizzes and the first exam quiz taken during the course.
- ECTS
- 7,5 ECTS
- Type of assessment
-
Continuous assessment
- Type of assessment details
- The continuous assessment is composed of four elements that are
to be completed during the course: two group assignments and two
exam quizzes.
The two group assignments are made during the course. When handed in, the contributions from the individual students in the group have to be declared. Each assignment counts 25% toward the final grade. All aids are allowed for the group assignments.
The two exam quizzes consist of a midterm quiz of one hour and a final quiz of two hours. The midterm quiz will count 10% toward the final grade and the final quiz will count 40% toward the final grade. The exam quizzes are taken in class and under invigilation. No aids are allowed during the exam quizzes.
To pass the ordinary exam, each group assignment as well as the combined score for the exam quizzes must be separately passed.
Each passed group assignment is valid for the reexam the same year and for the ordinary exam the year after. - Aid
- Only certain aids allowed (see description below)
All aids are allowed for the group assignments.
For the quizzes, no aids are allowed.
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
One internal examiner.
- Re-exam
-
If one or both group assignments were not passed for the ordinary exam, the assignment can be made on an individual basis or in a group for the reexam.
If one or both group assignments were passed for the ordinary exam, their assessment can enter unaltered into the combined assessment of the reexam.
The students will additionally take a single three-hour quiz under invigilation. No aids are allowed during the reexam quiz.
To pass the reexam, each group assignment as well as the score for the reexam quiz must be separately passed. The reexam quiz score counts 50% toward the final grade.
Criteria for exam assessment
The student should convincingly and accurately demonstrate the knowledge, skills and competences described under Intended learning outcome to the extent expected of an MSc student.
Single subject courses (day)
- Category
- Hours
- Lectures
- 28
- Preparation
- 97
- Theory exercises
- 28
- Project work
- 50
- Exam
- 3
- English
- 206
Kursusinformation
- Language
- English
- Course number
- NMAB22011U
- ECTS
- 7,5 ECTS
- Programme level
- Bachelor
- Duration
-
1 block
- Placement
- Block 1
- Schedulegroup
-
C
- Capacity
- No limitation – unless you register in the late-registration period (BSc and MSc) or as a credit or single subject student.
- Studyboard
- Study Board of Mathematics and Computer Science
Contracting department
- Department of Mathematical Sciences
Contracting faculty
- Faculty of Science
Course Coordinator
- Niels Richard Hansen (14-716c686f763175316b6471766871437064776b316e7831676e)
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