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Old 01-15-2015, 06:28 PM
jrk012 jrk012 is offline
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Default Statistics Background for ASM C Manual

Hello,

I am currently starting my studies for Exam C and I am planning on buying the ASM manual to study for it. I was curious as to how much of a mathematical statistics background is needed for the manual. I have a small background, but I got my VEE with an Econometrics class. Does the ASM manual give enough of a review where it wouldn't be necessary to outsource for the stats background?
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Old 01-15-2015, 06:31 PM
clarinetist clarinetist is offline
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Hello,

I am currently starting my studies for Exam C and I am planning on buying the ASM manual to study for it. I was curious as to how much of a mathematical statistics background is needed for the manual. I have a small background, but I got my VEE with an Econometrics class. Does the ASM manual give enough of a review where it wouldn't be necessary to outsource for the stats background?
If you passed P, you can handle ASM.

In my experience: if you know what Method of Maximum Likelihood, Method of Moments, and Unbiased Estimates are, that's a good chunk of the statistics portion. There are some nonparametric tests as well: Kolmogorov-Smirnov, Anderson-Darling [which is just unnecessary to teach how to do manually, but I guess the committee wants to teach it], and goodness-of-fit test.
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Old 01-15-2015, 06:32 PM
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Since you have VEEs, you've passed at least 2 exams. I'm assuming one of them is P. You should be okay.

There is an entire chapter on reviewing mathematical statistics.
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Old 01-15-2015, 06:40 PM
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Awesome, I have the Asimow & Maxwell text for Exam P, so I've done some skimming of that, but hadn't taken a lot of time to get a deep understanding of all the statistical topics. Thanks for the help!
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Old 01-15-2015, 06:41 PM
clarinetist clarinetist is offline
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Awesome, I have the Asimow & Maxwell text for Exam P, so I've done some skimming of that, but hadn't taken a lot of time to get a deep understanding of all the statistical topics. Thanks for the help!
Asimow & Maxwell's an amazing text. Some of the statistics in that text are also in C, so it is definitely to your advantage to have that stuff down.
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Old 01-15-2015, 07:32 PM
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Awesome, I have the Asimow & Maxwell text for Exam P, so I've done some skimming of that, but hadn't taken a lot of time to get a deep understanding of all the statistical topics. Thanks for the help!
Why would you take C before P?
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Old 01-15-2015, 08:23 PM
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Why would you take C before P?
I have already passed P. I used the Asimow/Maxwell text to study for that exam, but I only read the chapters pertaining to P and only skimmed over the extra on stats.
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Old 01-15-2015, 08:24 PM
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Asimow & Maxwell's an amazing text. Some of the statistics in that text are also in C, so it is definitely to your advantage to have that stuff down.
Yeah, outside of ASM that has been the best book I've used in my actuarial studies. Is there a whole lot of FM that carries over to C?
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Old 01-15-2015, 09:00 PM
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Yeah, outside of ASM that has been the best book I've used in my actuarial studies. Is there a whole lot of FM that carries over to C?
Virtually nothing from FM is on C, except you might get one problem that involves inflation, but it would be a very minor part of the problem. That's the only overlap I can think of. There's a little more overlap with P where it's basically a more complex version of a P problem.
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Old 01-15-2015, 09:10 PM
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I knew almost nothing about statistics and passed both C and ST using ASM. Weishaus teaches the concepts well enough that having no background is fine.
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