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Forum: Exam 9 - Financial Risk & Rate of Return 02-12-2020, 12:14 AM
Replies: 453
Views: 48,051
Posted By examsarehard
For those purposes they're synonymous. You could...

For those purposes they're synonymous. You could have a counterparty who owes you something else besides money though, and they could fail that obligation.



I don't have the manual you're using...
Forum: Exam 7 - Estimation of Policy Liability & ERM 02-11-2020, 11:18 PM
Replies: 4
Views: 180
Posted By examsarehard
You would expect the residuals to be distributed...

You would expect the residuals to be distributed around 0 because even if there is a calendar year trend, the model will still try to get the average level right.

If the residuals started at 0 and...
Forum: Property - Casualty / General Insurance 01-28-2020, 01:57 PM
Replies: 2,176
Views: 362,420
Posted By examsarehard
https://www.thedrive.com/tech/31816/key-volkswagen...

https://www.thedrive.com/tech/31816/key-volkswagen-exec-admits-level-5-autonomous-cars-may-never-happen
Forum: Software & Technology 01-28-2020, 01:55 PM
Replies: 10
Views: 1,791
Posted By examsarehard
A reply from the author of knitr on Joel Grus's...

A reply from the author of knitr on Joel Grus's presentation:

https://yihui.org/en/2018/09/notebook-war/

tl;dr


He believes data analysis is not software engineering, so tools that are...
Forum: Software & Technology 01-24-2020, 02:30 PM
Replies: 5
Views: 349
Posted By examsarehard
Some services provide an API you can use, but...

Some services provide an API you can use, but chances are not all of your vendors do. I have also had a vendor change their API which broke my login process, so in general these things can be...
Forum: Exam 9 - Financial Risk & Rate of Return 01-20-2020, 06:26 PM
Replies: 8
Views: 4,255
Posted By examsarehard
Itís the estimated yield you would receive on new...

Itís the estimated yield you would receive on new investments you would buy going forward. This may be different from your historical yield because you could have gotten lucky or unlucky in the past.
Forum: Exam 7 - Estimation of Policy Liability & ERM 01-16-2020, 08:02 PM
Replies: 543
Views: 47,256
Posted By examsarehard
Exam 7 is pretty important if you work in capital...

Exam 7 is pretty important if you work in capital modeling. Reserve variability and ways to estimate the reserve distribution instead of a single point estimate is a fairly important topic, but not...
Forum: Careers - Employment 01-13-2020, 01:22 PM
Replies: 53
Views: 5,053
Posted By examsarehard
Our exams are meant to be finished in 3 hours

Our exams are meant to be finished in 3 hours
Forum: Exam 8 - Advanced Ratemaking 01-06-2020, 02:46 PM
Replies: 1,957
Views: 225,489
Posted By examsarehard
So then, the graders listened to your feedback...

So then, the graders listened to your feedback and adjusted the grading to accommodate for the confusion. Not everyone is out to deceive you.
Forum: Software & Technology 01-02-2020, 01:35 PM
Replies: 4
Views: 360
Posted By examsarehard
The output is given in JSON format. You can use...

The output is given in JSON format. You can use the pandas package in python or jsonlite in R to get it into tabular form.
Forum: Software & Technology 12-28-2019, 12:52 AM
Replies: 35
Views: 2,679
Posted By examsarehard
If a function is specific to the object's type,...

If a function is specific to the object's type, it will usually be in object.method() format. capitalize() make sense for strings, but not for pandas data frames, for instance.

For practical...
Forum: Exam 8 - Advanced Ratemaking 12-19-2019, 04:49 PM
Replies: 1,957
Views: 225,489
Posted By examsarehard
2014 had a large bulk adjustment to the pass mark...

2014 had a large bulk adjustment to the pass mark because of the errors and perceived length of the exam.

If you were the CAS, how would you diagnose whether an exam was too long or not?
Forum: Exam 7 - Estimation of Policy Liability & ERM 12-17-2019, 08:14 PM
Replies: 2
Views: 383
Posted By examsarehard
The question specifically asks for the direct...

The question specifically asks for the direct development approach.
Forum: Exam 9 - Financial Risk & Rate of Return 12-17-2019, 05:06 PM
Replies: 19
Views: 1,358
Posted By examsarehard
Is your exam 9 raise higher than your exam 7...

Is your exam 9 raise higher than your exam 7 raise?
Forum: Exam 8 - Advanced Ratemaking 12-16-2019, 04:21 PM
Replies: 1,957
Views: 225,489
Posted By examsarehard
But then, the current FCAS's aren't actually the...

But then, the current FCAS's aren't actually the ones who directly benefit from all these changes because they already passed those exams. If the CAS really wanted to constrain supply, there are much...
Forum: Exam 8 - Advanced Ratemaking 12-16-2019, 08:38 AM
Replies: 1,957
Views: 225,489
Posted By examsarehard
The CAS increased the number of sittings for...

The CAS increased the number of sittings for Exams 5 and 6 and has been actively consolidating syllabus material across all exams so that they are more easily accessible. Why do this if their goal is...
Forum: Exam 8 - Advanced Ratemaking 12-15-2019, 09:02 AM
Replies: 1,957
Views: 225,489
Posted By examsarehard
Flipping through the source, the lower case...

Flipping through the source, the lower case letters are used for both the insurance charge and savings. In fact, copying and pasting directly from the source into a Word document gives me the exact...
Forum: Exam 8 - Advanced Ratemaking 12-14-2019, 11:54 PM
Replies: 1,957
Views: 225,489
Posted By examsarehard
I agree testing on specific notation is poor...

I agree testing on specific notation is poor question writing and debately defective, but I doubt it is intentionally meant to deceive people- it's most likely an issue with editing.
Forum: Exam 7 - Estimation of Policy Liability & ERM 12-03-2019, 01:19 PM
Replies: 543
Views: 47,256
Posted By examsarehard
Did you check the errata?

Did you check the errata?
Forum: General Actuarial 09-24-2019, 09:05 PM
Replies: 5
Views: 1,611
Posted By examsarehard
If you want to use predefined risk relativities...

If you want to use predefined risk relativities as your complement of credibility, you're better off using a Bayesian glm. This way, instead of shrinking towards the grand mean, you shrink towards...
Forum: Property - Casualty / General Insurance 05-24-2019, 04:27 PM
Replies: 4
Views: 762
Posted By examsarehard
This reminds me of a thought I had for awhile,...

This reminds me of a thought I had for awhile, but the CAS should open its own Github account, even if unofficially. It should contain code repositories for articles, monographs and the Variance...
Forum: Non-Actuarial Personal Finance/Investing 05-16-2019, 03:19 PM
Replies: 684
Views: 71,638
Posted By examsarehard
Wow. I thought this was about the first accident...

Wow. I thought this was about the first accident involving Tesla, but this is actually another fatality that occurred exactly the same way.

So much for learning from mistakes?
Forum: Software & Technology 05-16-2019, 10:37 AM
Replies: 279
Views: 20,848
Posted By examsarehard
This game brings back a lot of memories, but...

This game brings back a lot of memories, but there's no way I have time for it now.
Forum: Property - Casualty / General Insurance 05-15-2019, 02:51 PM
Replies: 7
Views: 1,088
Posted By examsarehard
Our IT department allowed us to deploy an...

Our IT department allowed us to deploy an internal R server before they were able to get us dedicated resources.
Forum: Property - Casualty / General Insurance 05-01-2019, 12:54 PM
Replies: 54
Views: 13,509
Posted By examsarehard
The pipe isn't actually unique to dplyr, it's...

The pipe isn't actually unique to dplyr, it's from the magrittr package. You can use the pipe with functions outside the tidyverse, but most of its readability benefits are realized when the...
Showing results 1 to 25 of 300

 

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