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Search: Posts Made By: fjcostanzo
Forum: MAS-I 12-04-2019, 01:55 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
This is why I go through it at least 3 times...

This is why I go through it at least 3 times before I turn in my exam, and copy my answers into both of my calculators from the scantron and not the booklet, to give me the most comfort that...
Forum: MAS-I 11-30-2019, 01:08 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
I'm up to 59.5 now because of 35. I'm pumped to...

I'm up to 59.5 now because of 35. I'm pumped to finally be done with this exam.
Forum: MAS-I 11-11-2019, 01:28 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
I mean to be fair that's because they release all...

I mean to be fair that's because they release all the results for all exams same day. They still need to meet to decide on pass mark and to evaluate commentary regarding potential ambiguous/defective...
Forum: MAS-I 11-05-2019, 05:19 PM
Replies: 9
Views: 996
Posted By fjcostanzo
1) You mean question 38. 2) I think the real...

1) You mean question 38.
2) I think the real take away is that it depends on additional constraints beyond starter knots and linear boundaries.

I really don't think their example is meant to be...
Forum: MAS-I 11-05-2019, 12:33 PM
Replies: 9
Views: 996
Posted By fjcostanzo
It's the distribution for losses they know about...

It's the distribution for losses they know about -- the statement about losses lower than deductible not being reported was supposed to clue us into the fact that they wanted to calculate the mean...
Forum: MAS-I 11-04-2019, 01:49 PM
Replies: 9
Views: 996
Posted By fjcostanzo
Mr. Mahler, Your comments about number 38...

Mr. Mahler,

Your comments about number 38 seem to be a bit contradicting. Are you saying that according to the source material you think the answer should be C --- however --- you think the source...
Forum: MAS-I 11-01-2019, 09:12 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
I wouldn't feel confident in that. They have...

I wouldn't feel confident in that. They have chose not to in the past for similar issues, but it does make the case a bit better.
Forum: MAS-I 11-01-2019, 12:24 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
They never comment --- they only release the...

They never comment --- they only release the final answer key sometime around when grades are released. They don't comment on specifics you'll just see the answer key change with more accepted...
Forum: Exam 5 - Ratemaking/Reserving 11-01-2019, 10:12 AM
Replies: 44
Views: 4,057
Posted By fjcostanzo
Hi folks --- looks like I'll finally pass MAS-I...

Hi folks --- looks like I'll finally pass MAS-I so I'm joining this party for the spring. I've worked two years in reserving and over a year in pricing and read both source texts previously.

My...
Forum: MAS-I 10-31-2019, 06:02 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
Pilot questions don't exist on these exams. Every...

Pilot questions don't exist on these exams. Every question counts.
Forum: MAS-I 10-31-2019, 05:05 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
Basic idea is Theoretically === OLS is unbiased. ...

Basic idea is Theoretically === OLS is unbiased.

So the CAS expected people to Select the answer corresponding to bias = 0.

But unbiasdness implies via the source that the method if you take a...
Forum: MAS-I 10-30-2019, 03:20 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
That was the argument I made when I submitting a...

That was the argument I made when I submitting a possible defective question. As you said, the property of unbiasedness implies that if you have a large enough amount of samples and fit the technique...
Forum: MAS-I 10-30-2019, 01:36 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
It's dependent on the algorithm used to fit -- if...

It's dependent on the algorithm used to fit -- if they had the same data with the same constraints sure.

The source is just one example --- wherein to get K+1 degrees of freedom their fitting...
Forum: MAS-I 10-30-2019, 01:07 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
The source specifically mentions they used a...

The source specifically mentions they used a computer fitting algorithm where they specified they wanted a model with 4 degrees of freedom with 3 starting knots.

This leads to their discussion...
Forum: MAS-I 10-30-2019, 12:34 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
The book example is super weird because they used...

The book example is super weird because they used a computer fitting algorithm where they specified the degrees of freedom ---so something that happened that they didn't specify clearly was that it...
Forum: MAS-I 10-29-2019, 10:28 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
I think there is something wrong with this entire...

I think there is something wrong with this entire example to be fair. Their argument is that 3 knots really means 3 interior and 2 boundary for 5 total knots. Then they say oh yea, natural...
Forum: MAS-I 10-29-2019, 06:10 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
I couldn't find anywhere where the source...

I couldn't find anywhere where the source material implied K+1. I only found K and K+2. TIA seems to also agree it's either 4 or 6 depending on boundary interpretation. And for what it's worth, I...
Forum: MAS-I 10-29-2019, 01:49 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
No one will know this until the final answer key...

No one will know this until the final answer key is released probably in december.

The question won't be thrown out but my guess is two answers, 4 and 6 will be accepted.

Based on the TIA...
Forum: MAS-I 10-28-2019, 12:16 PM
Replies: 5
Views: 690
Posted By fjcostanzo
You are asking an a forum specifically for CAS...

You are asking an a forum specifically for CAS users so you might not get a good opinion.

If you aren't pursuing an actuarial credential both these sets of exams will not be good IMO.

If you...
Forum: MAS-I 10-28-2019, 11:45 AM
Replies: 575
Views: 88,183
Posted By fjcostanzo
Just means that if Cook's Distance is > 1 it is...

Just means that if Cook's Distance is > 1 it is an influential point.

So the question is asking you to calculate the Cook's distance and tell them how many points had it > 1.

They asked pretty...
Forum: MAS-I 10-28-2019, 08:31 AM
Replies: 575
Views: 88,183
Posted By fjcostanzo
The values for Ax and ax assume and are...

The values for Ax and ax assume and are calculated correctly given the assumptions in the problem because by definition they are payments for ever. This question wasn't meant to be a trick question...
Forum: Exam 5 - Ratemaking/Reserving 10-26-2019, 07:31 PM
Replies: 311
Views: 46,131
Posted By fjcostanzo
An endorsement is typically a change to a policy...

An endorsement is typically a change to a policy that causes premium to change.
Forum: MAS-I 10-25-2019, 11:37 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
I believe you have to provide a word document and...

I believe you have to provide a word document and detail why you believe the question is ambiguous.or defective. In order to have the most success you should back it up with examples.from the source...
Forum: MAS-I 10-25-2019, 05:16 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
the premium calc is 10 * (1000AX/ax) for both...

the premium calc is 10 * (1000AX/ax) for both then subtract.
Forum: MAS-I 10-25-2019, 05:14 PM
Replies: 575
Views: 88,183
Posted By fjcostanzo
Pass mark's aren't ever adjusted in this fashion...

Pass mark's aren't ever adjusted in this fashion historically. There is one pass mark regardless of whether you skipped it or not. Pass mark's are only ever adjusted if the question is thrown out...
Showing results 1 to 25 of 121

 

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