Actuarial Outpost
 
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > SoA/CAS Preliminary Exams > Exam 4/C - Construction and Evaluation of Actuarial Models
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

US PROPERTY AND CASUALTY JOBS

Reply
 
Thread Tools Display Modes
  #1  
Old 05-11-2006, 07:33 AM
Bühlmann's Avatar
Bühlmann Bühlmann is offline
Member
SOA AAA
 
Join Date: Nov 2005
Studying for nothing ever again
Favorite beer: Corona Light
Posts: 1,844
Default X^2 for Aggregate Freq Data

Loss Models discusses a modification of the chi-square for aggregate frequency data (pp. 435 - 436). The key being you divide by the variance (instead of "expected") and your degrees of freedom is the number of intervals minus the number of estimated parameters (note no "minus 1").
My question is how important is this topic and what are the odds of it being asked? It may not be too hard to do, but if it is really not that important, then why cloud my brain space?
There are no released exam questions on it, but the discussion does take up 1.5 pages of LM. I saw it in the ASM manual as well and I don't recall the Mahler notes going over it.
Reply With Quote
  #2  
Old 05-11-2006, 07:56 AM
inexactuary's Avatar
inexactuary inexactuary is offline
Member
SOA AAA
 
Join Date: Apr 2006
Location: OH
Favorite beer: Newcastle
Posts: 569
Default

I think it is unlikely to be asked, but it is easy enough to remember if you think of it as adding up the squares of "z values" (observed minus mean divided by sd). You don't subtract one from the df because the sample size isn't fixed. That said, your time might be better spent honing your skills on more important topics.
Reply With Quote
  #3  
Old 05-11-2006, 09:22 AM
JohnGalt JohnGalt is offline
Member
 
Join Date: Apr 2005
Posts: 2,053
Default

I wouldn't ignore it. The calculation isn't any more difficult than the usual chi-square test, so I think it's a reasonable exam question.
Reply With Quote
  #4  
Old 05-11-2006, 09:30 AM
NewTubaBoy's Avatar
NewTubaBoy NewTubaBoy is offline
Member
CAS
 
Join Date: Jul 2004
Location: Boston
Studying for CAS 8
Favorite beer: Blue Moon
Posts: 1,391
Default

I disagree. I think that you can ignore it.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 01:43 AM.


Powered by vBulletin®
Copyright ©2000 - 2013, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.20615 seconds with 7 queries