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  #41  
Old 01-07-2016, 12:18 PM
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It would pull down your GPA.


-Riley
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  #42  
Old 01-07-2016, 12:19 PM
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It would pull down your GPA.
I don't think that's the kind of d he's talking about.
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  #43  
Old 01-07-2016, 03:41 PM
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I agree that the CAS/SOA should be concentrating on their core credentialing instead of adding a questionable one in an already crowded field. The "me too!" crap gets to be pathetic. We sure ain't uniquely qualified to do data science/predictive analytics.

That said, some actuaries do need to know more about predictive analytics (not necessarily get a credential, but understand what it can do). Not everything needs to be on the exams for core credentials. That's what continuing professional education is about.
Thanks for commenting Campbell...great thoughts! I guess I heard somewhere they have a 'designation' (PADS) which took me back to the CERA days. That's why I made the comments. I agree we should put these in continuing education-but I think we can integrate on the exams too (when it makes sense).
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  #44  
Old 01-07-2016, 03:54 PM
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Separately, there's loads of stuff for those who are interested from the SOA's Predictive Analytics & Futurism section:
https://www.soa.org/news-and-publica...m/default.aspx

https://www.soa.org/predictive-analytics-and-futurism/

I have an article in their December 2015 newsletter on getting started w/ data science... but mostly talking about stuff that can already be found on the AO in our discussions. The December 2015 newsletter isn't posted online yet -- I believe they delay the e-version for a month or two until the members get the printed version.
Btw, thanks for sharing all the resources. I also really like your article, it's a great review of what's out there!
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  #45  
Old 01-07-2016, 03:55 PM
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Dang, a lot of people from RGA writing articles for that last one.

-Riley
good point-must be the place for the data science actuary to look for position
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  #46  
Old 01-07-2016, 04:02 PM
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Can I just say-it's amazing to me...to compare July newletter to Dec newsletter (of futurism).

Let me just say, you guys knock it out of the park (well close at least). I mean it's great to see the effort that you put into this. It looks like you probably had a huddle up at the SOA meeting...whatever it is, I like the new direction.

My only small complaint (which I've brought up before)--the word futurism. I don't think it's used out there. And frankly, it's not a sexy term (not like data science, etc). But I am willing to forgive that for heading in this new direction.

My other concern is if you have lots of RGA folks..it can get too concentrated with financial stuff. Many of us are in health, etc and we would need more balance. All in all, I like it and great to see this. Keep it up!
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  #47  
Old 01-07-2016, 05:53 PM
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good point-must be the place for the data science actuary to look for position
Last I looked, the already had a technology evangelist.
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  #48  
Old 01-07-2016, 06:02 PM
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new thread, btw: http://www.actuarialoutpost.com/actu...d.php?t=303887

For those who want to get started learning about predictive analytics, without messing about with credentials (unless you want to pay for it)
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  #49  
Old 10-19-2016, 04:48 PM
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Certified Specialist in Predictive Analytics (CSPA)
credential requirements rolled out by iCAS.
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  #50  
Old 10-20-2016, 11:41 AM
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Well, first of all, the cost of these courses/exams is enough to deter me from taking themfor "fun". $800 for the generic first step is quite a bit and I can't imagine the other courses being any cheaper. In comparison, I'd rather throw my money at the Self-Driving Car Nanodegree on Udacity, which is $800 per 12 weeks ($2400 for full 9 months). I'm sure the total cost of this CSPA credential will be similar if not more.

The generic description of the predictive modeling coverage bothers me.

Quote:
3. Predictive Modeling – Methods and Techniques
  • Covers the concepts, methods and tools used for statistical analyses, predictive modeling and data analytics for P&C insurance applications.
  • Focus is on advanced tools using various multivariate regression techniques, statistical modeling, machine learning and practical applications.
  • The three-hour, computer-based exam includes access to datasets and programming software.
We've yet to see any detailed information on what this will contain and I'd hope that nobody signs up for first two components until they understand if this will be worthwhile or not.

You sure wouldn't want to go through this procedure just to learn about linear and logistic regression.

Of course, the CAS seems to be trying to cash in on modeling hopefuls. Honestly, the best way to learn this stuff is to just pick up a book and start learning yourself. You can buy quite a few for $800.

-Riley
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