- Code STAT3032
- 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, Statistics
- Academic career UGRD
- AsPr Hanlin Shang
- Mode of delivery In Person
First Semester 2019
See Future Offerings
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:
- Explain the concept of survival models.
- Understand and describe estimation procedures for lifetime distributions.
- Understand and describe 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.
- Understand and describe how to estimate transition intensities depending on age, exactly or using the census approximation.
- Understand and describe how to test crude estimates for consistency with a standard table or a set of graduated estimates, and understand 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
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- Unit value:
- 6 units
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