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-   -   October 2018 Exam STAM Thread (http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=333222)

Tppytoe 06-25-2018 03:47 PM

October 2018 Exam STAM Thread
 
Is there already one of these? If so, I can't find it. I'll be happy to delete this if one already exists.

Failed C today. Sucked because I went in feeling really confident. Not sure if my exam was harder than anyone else's, but it was brutal.

Anyways, I wanted to find out how people were preparing after failing C and now shifting to the STAM syllabus. Also, I'm assuming this will be one of those brutal sittings where there is no preliminary pass/fail? Super excited about that since I will be 8 months pregnant and official results will come out after my son is born. :viola:

RockOn 06-25-2018 04:49 PM

I'm right there with you. Failed C today as well. I felt fairly well-prepared (though I always have doubts going into these exams). I understood the SOA 307 problems well. I redid them until I could do them all (but 8 of them) in 6 minutes or under.
Therefore I felt the exam today was quite difficult.

Does anyone know how different STAM will be from C? I looked at the syllabus and it seems similar to C.

Tppytoe 06-25-2018 04:56 PM

Quote:

Originally Posted by RockOn (Post 9360736)
I'm right there with you. Failed C today as well. I felt fairly well-prepared (though I always have doubts going into these exams). I understood the SOA 307 problems well. I redid them until I could do them all (but 8 of them) in 6 minutes or under.
Therefore I felt the exam today was quite difficult.

Does anyone know how different STAM will be from C? I looked at the syllabus and it seems similar to C.

Very, very similar experience with the 307! I think it is mostly the same thing, however, they have added a section on Short-Term insurances that has loss reserving, rate-making, etc on it. That should make up about 25% of the syllabus. I know the SOA re-released the 307 with 20 or so more problems and they deleted the questions that were no longer relevant.

biteme 06-25-2018 05:55 PM

Failed too here.
I am not sure if I should take first STAM or wait until next Feb.

Prominence 06-25-2018 10:05 PM

I got trucked by C today too (even after strategically scheduling the exam for the last possible day in the exam window). However, I pretty much knew I was going to fail, but doing batches of 5 ADAPT questions on 6-10 difficulty on focused sections 6 or so full days pre-exam gave me the hubris to actually show up to the facility to meet my maker. :slug:

Anyway, I used the Weishaus ASM manual in tandem with ADAPT, and for STAM, Weishaus declares that the following from the manual will be dropped:
  • Empirical Models (Part II)
  • Method of Moments, Percentile Matching (Lessons 30-31, Part III: Parametric Models)
  • Graphic Comparison (Lessons 36)
  • Simulation (Part V)

So it seems Aggregate Loss, Severity, etc. (Part I), much of Parametric Models (Part III), and all of Credibility (Part IV) will be retained with the addition of Short-Term theory/methods (hence, STAM).

Note that this lists relates to the ASM manual, which is mostly based off the Loss Models text from the syllabus.

Hope this helps, and good luck to all for the next attempts and beyond!

RockOn 06-25-2018 11:14 PM

Quote:

Originally Posted by Prominence (Post 9361002)
I got trucked by C today too (even after strategically scheduling the exam for the last possible day in the exam window). However, I pretty much knew I was going to fail, but doing batches of 5 ADAPT questions on 6-10 difficulty on focused sections 6 or so full days pre-exam gave me the hubris to actually show up to the facility to meet my maker. :slug:

Anyway, I used the Weishaus ASM manual in tandem with ADAPT, and for STAM, Weishaus declares that the following from the manual will be dropped:
  • Empirical Models (Part II)
  • Method of Moments, Percentile Matching (Lessons 30-31, Part III: Parametric Models)
  • Graphic Comparison (Lessons 36)
  • Simulation (Part V)

So it seems Aggregate Loss, Severity, etc. (Part I), much of Parametric Models (Part III), and all of Credibility (Part IV) will be retained with the addition of Short-Term theory/methods (hence, STAM).

Note that this lists relates to the ASM manual, which is mostly based off the Loss Models text from the syllabus.

Hope this helps, and good luck to all for the next attempts and beyond!

Thank you for the information Prominence.

It seems fitting that the SOA would drop Empirical models since that was the one section that I scored 'High' on.

OK. Let's get this party started.

daaaave 06-26-2018 01:02 PM

Quote:

Originally Posted by Prominence (Post 9361002)
Anyway, I used the Weishaus ASM manual in tandem with ADAPT, and for STAM, Weishaus declares that the following from the manual will be dropped:
  • Empirical Models (Part II)
  • Method of Moments, Percentile Matching (Lessons 30-31, Part III: Parametric Models)
  • Graphic Comparison (Lessons 36)
  • Simulation (Part V)

The bolded is out of date. The initial draft syllabus removed graphical comparisons, but they were reinstated in the draft syllabus in March, and are included in the final syllabus in learning outcome 6e.

Abraham Weishaus 06-26-2018 01:16 PM

Yep, what I wrote in the old C manual about the future STAM was based on preliminary information. The ASM STAM manual includes material on graphic methods of evaluating fits.

RockOn 06-26-2018 01:33 PM

Quote:

Originally Posted by Abraham Weishaus (Post 9361412)
Yep, what I wrote in the old C manual about the future STAM was based on preliminary information. The ASM STAM manual includes material on graphic methods of evaluating fits.

Great! So I take it the STAM ASM manual is available? I used ASM for C. Is there a way to get just the addendum material?

A Pimp Named Slickback 06-26-2018 01:59 PM

Is some of the new STAM material in the last ASM MLC manual?


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