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Short-Term Actuarial Math Old Exam C Forum

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  #1  
Old 06-25-2018, 04:47 PM
Tppytoe Tppytoe is offline
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Default 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.
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Old 06-25-2018, 05:49 PM
RockOn RockOn is offline
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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.
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  #3  
Old 06-25-2018, 05:56 PM
Tppytoe Tppytoe is offline
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Quote:
Originally Posted by RockOn View Post
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.
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Old 06-25-2018, 06:55 PM
biteme biteme is offline
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Failed too here.
I am not sure if I should take first STAM or wait until next Feb.
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  #5  
Old 06-25-2018, 11:05 PM
Prominence Prominence is offline
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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.

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!
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  #6  
Old 06-26-2018, 12:14 AM
RockOn RockOn is offline
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Quote:
Originally Posted by Prominence View Post
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.

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.
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  #7  
Old 06-26-2018, 02:02 PM
daaaave daaaave is online now
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Quote:
Originally Posted by Prominence View Post
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.
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  #8  
Old 06-26-2018, 02:16 PM
Abraham Weishaus Abraham Weishaus is offline
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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.
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  #9  
Old 06-26-2018, 02:33 PM
RockOn RockOn is offline
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Quote:
Originally Posted by Abraham Weishaus View Post
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?
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  #10  
Old 06-26-2018, 02:59 PM
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A Pimp Named Slickback A Pimp Named Slickback is offline
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Is some of the new STAM material in the last ASM MLC manual?
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