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  #1  
Old 06-02-2020, 09:39 PM
LDGhomie1223 LDGhomie1223 is offline
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Default Does anyone have a cheat sheet for selecting target distribution and link function?

I'm having a bit of trouble determining what Target Distribution and Link Function are applicable in each situation. If anyone has a cheat sheet that they can share, it would be extremely helpful for me.
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  #2  
Old 06-03-2020, 07:55 AM
ambroselo ambroselo is offline
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Quote:
Originally Posted by LDGhomie1223 View Post
I'm having a bit of trouble determining what Target Distribution and Link Function are applicable in each situation. If anyone has a cheat sheet that they can share, it would be extremely helpful for me.
Hello,

I hope this table helps. Users of the ACTEX PA manual will receive a comprehensive cheat sheet next week.

Last edited by ambroselo; 06-03-2020 at 09:12 AM..
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  #3  
Old 06-03-2020, 08:59 AM
LDGhomie1223 LDGhomie1223 is offline
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Originally Posted by ambroselo View Post
Hello,

I hope the table below helps. Users of the ACTEX PA manual will receive a comprehensive cheat sheet next week.

Sorry, I'm not totally familiar with this site but I don't see a table posted.
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  #4  
Old 06-03-2020, 09:25 AM
ambroselo ambroselo is offline
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Quote:
Originally Posted by LDGhomie1223 View Post
Sorry, I'm not totally familiar with this site but I don't see a table posted.
I have just changed the image to a link. Can you see it now?
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  #5  
Old 06-03-2020, 09:35 AM
CuriousGeorge CuriousGeorge is offline
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It's you, LDG. I see the table in your own post, since you quoted it.
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  #6  
Old 06-03-2020, 09:43 AM
ch1rontl34 ch1rontl34 is offline
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Quote:
Originally Posted by ambroselo View Post
Hello,

I hope this table helps. Users of the ACTEX PA manual will receive a comprehensive cheat sheet next week.
Can you elaborate on this? I have the ACTEX PA manual. Where will this cheat sheet be located? Thanks!
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  #7  
Old 06-03-2020, 09:44 AM
SamCastillo SamCastillo is offline
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Quote:
Originally Posted by LDGhomie1223 View Post
I'm having a bit of trouble determining what Target Distribution and Link Function are applicable in each situation. If anyone has a cheat sheet that they can share, it would be extremely helpful for me.
This is a a challenging question to answer in a single post. Many others have asked this same question because there is a lot of theory but few practical examples .

These questions tend have two parts

1. What is the best choice of response distribution.
2. What is the best choice of link function. This is the way that the mean of the response distribution is related to the linear predictor.

Here's a table that will help on Chapter 12.2 of our Study Manual.

What combinations are possible? Normal and Inverse link? Gamma and log link? Normal and Identity link? Normal and inverse squared link?

Our Health Costs Practice Exam has several examples. This is also covered in our 11 pages of Cheat Sheets.
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Old 06-03-2020, 09:46 AM
ambroselo ambroselo is offline
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Quote:
Originally Posted by ch1rontl34 View Post
Can you elaborate on this? I have the ACTEX PA manual. Where will this cheat sheet be located? Thanks!
It will be released together with the second practice exam and posted on actuariallearning.com.
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  #9  
Old 06-03-2020, 10:17 AM
LDGhomie1223 LDGhomie1223 is offline
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It works now, thank you.
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  #10  
Old 06-04-2020, 10:21 PM
windows7forever windows7forever is offline
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Quote:
Originally Posted by ambroselo View Post
Hello,

I hope this table helps. Users of the ACTEX PA manual will receive a comprehensive cheat sheet next week.
Will electronic manual buyers with passing guarantee be allowed to print out the formula or cheat sheet for memorization? I forgot if I have printed some pages earlier. I do mostly read your manual on the online account, but it's better to print out the summary sheet and cut in pieces for easy memorization.
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