- 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.
Upon successful completion, students will 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.
- Typical assessment may include, but is not restricted to: a mid-semester exam and a final exam (null) [LO null]
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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.
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- Student Contribution Band:
- Unit value:
- 6 units
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