- Code ACST3032
- Unit Value 6 units
- Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
- ANU College ANU College of Business and Economics
- Course subject Actuarial Studies
- Areas of interest Actuarial Studies
This course aims to extend actuarial students' knowledge of modern analytical tools and techniques beyond those introduced in introductory actuarial courses. It further aims to teach students how to apply this knowledge in real-life business settings, preparing them for more complex and practice specific applications which will be taught in future courses in their actuarial education.
This subject provides the opportunity for exemption from the requirements of the Data Analytics Principles subject under the Actuaries Institute’s Actuary program. Such exemption depends on the grades attained in the subject.
Upon successful completion, students will have the knowledge and skills to:
- Explain where and how their analytical work can add value to the business environment and strategy.
- Source, interpret, evaluate and prepare data for modelling.
- Select and justify appropriate predictive analytic techniques for a given business problem.
- Apply predictive analytic techniques to solve estimation and classification problems.
- Evaluate and compare performance of different models.
- Communicate findings to a range of audiences.
- The research-based assessment will consist of assignments. (40) [LO 1,2,3,4,5,6]
- The other assessment may include but is not restricted to: exams, quizzes, presentations and other assessments as appropriate. (60) [LO 1,2,3,4,5,6]
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Students are expected to commit 130 hours of work in completing this course. This includes time spent in scheduled classes and self-directed study time.
Requisite and Incompatibility
Information about the prescribed textbook will be available via the Class Summary.
Students are assumed to have a good grasp of the material from the CS1 and CS2 exemptions of the Actuaries Institute.
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
Where there is a unit range displayed for this course, not all unit options below may be available.
Offerings, Dates and Class Summary Links
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Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.