- Code STAT7042
- Unit Value 6 units
- Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
- ANU College ANU College of Business and Economics
- Course subject Statistics
- Areas of interest Actuarial Studies
This course introduces survival models and discusses their rationale, their estimation and their application to mortality. Topics covered will include: an introduction to the life table; survival models; estimation procedures for lifetime distributions; statistical models of transfers between multiple states; maximum likelihood estimation of transition intensities for such models; binomial model of mortality including estimation and comparison with multiple state models; exposed to risk and methods for smoothing crude mortality rate data.
Learning OutcomesUpon successful completion of the requirements for this course, students should have the
knowledge and skills to:
• Communicate the concept of survival models.
• Communicate in detail the estimation procedures for lifetime distributions.
• Implement statistical models of transfer between multiple states, including processes with single or multiple decrements, and derive relationships between probabilities of transfer and transition intensities.
• Derive maximum likelihood estimators for the transition intensities in models of transfers between states with piecewise constant transition intensities.
• Comprehensively describe how to estimate transition intensities depending on age, exactly or using the census approximation.
• Communicate in detail how to test crude estimates for consistency with a standard table or a set of graduated estimates, and describe the process of graduation.
See the course outline on the College courses page. Outlines are uploaded as they become available.
Typical assessment may include, but is not restricted to: a mid-semester exam and a final exam
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Students are expected to commit at least 10 hours per week to completing the work in this course. This will include at least 3 contact hours per week and up to 7 hours of private study time.
Requisite and Incompatibility
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- Band 2
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
Offerings and Dates
|Class number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery|
|3446||19 Feb 2018||27 Feb 2018||31 Mar 2018||25 May 2018||In Person|