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  #61  
Old 01-18-2017, 05:16 PM
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PeppermintPatty PeppermintPatty is offline
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I don't see the point of this exam as being to teach actuaries everything a PhD would know about these topics. I think there are three goals:

1) know what sort of tools are out there, and what their strengths and weaknesses are.
2) know where to look to learn more if needed.
3) understand the vocabulary well enough to have a constructive discussion with the stat PhD the actuary might work with on a problem of this type.
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  #62  
Old 01-18-2017, 09:37 PM
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Quote:
Originally Posted by clarinetist View Post
One word: ridiculous. Utterly ridiculous.

By adding so much (and almost even more!) material to one exam, statistics is taught as if it's just a computational exercise without any coherent understanding of the subjects. This is a disservice not only to actuarial science, but to statisticians who have spent many years developing, applying, and teaching this material, which is the core of any graduate-level treatment in statistics.

I am not blaming you personally at all, by the way, but I feel a need to make these comments.
They should get rid of all these exams and just require 4 exams to get fellowship: 2 general exams and 2 exams for a specific track.
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  #63  
Old 01-19-2017, 12:22 AM
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Quote:
Originally Posted by MathStatFin View Post
They should get rid of all these exams and just require 4 exams to get fellowship: 2 general exams and 2 exams for a specific track.
Why so much? I'm sure we can get Coursera to put together a 15 week course that covers everything a fellow should know for both life and general insurance.
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