Credibility

[LFC]

i'm just going thru Credibility Theory ..and on Non-Parametric Estimation..wondering if we have to memorize the formulas for:

Estimated Expected Process Variance
Estimated Variance of the Hypothetical Means.

i would type them out except its complicated..double sum for the EPV.

so wnated to know if anyone whos taken C4 feels one needs to memorize these.

thanks.

[Pi Man]

memorize them.

[aces219]

ditto

[J-Man]

DITTO
Also be sure to memorize the stuff on semiparametric estimation. They always ask something from this group (meaning nonparametric and semiparametric), including "which method would you use if...". The questions are normally very easy. Sometimes they even give you the formulas with their values and you just have to know what to do with them. In the ASM manual there are several good sections on these topics.
Hope this helps.

[WQN]

For Course 4, you need to memorize everything.

[LFC]

thanks everyone......memorizing....chrieky....why SOA, WHY???

[J-Man]

Course 4 is heinous, isn't it?

[LFC]

Course 4 is heinous, isn't it?

yea man...i dont mind having to know hundreds of formulas if the derivations make intuitive sense...but some of these things simply require rote learning which is so out-dated. your being generous when u say its heinous!

[Triweasel]

Definitely memorize as much as you can. Those formulas will almost certainly be required, and they are pretty tricky to come up with from first principles in the 2.3 minutes or so that you will have on the exam.

I just hope I don't have to re-memorize that one. I'm hoping for a passing score. Can't wait 'til Friday...

[Macroman]

I think that many of the formulas should be memorized as families, variations on a theme... there is no doubt that a lot of memorization is required: Loss Models, Regression, Time Series and Credibility all have tons of formulas.

[J-Man]

The formula sheet that's posted on this site is a good place to start.
ASM ASM ASM ASM is my other suggestion. The topics are broken down nicely, decent explanations and where to look in the books for each topics, and tons of problems. I made up my own formula sheets when I went through the manual... then when I was reviewing for the exam I had the formulas to re-memorize in case I forgot them. This is one (heinous) exam where studying 5 minutes before it can have an impact, providing you're looking at the right formula.