ETC2560 Statistical modelling for actuarial studies
Faculty of Business and Economics
ETC2560 Statistical modelling for actuarial studies is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2026 in Semester 2 at Clayton. It needs ETC1000, ETF1100, ETB1100, ETW1001, FIT1006, SCI1020, STA1010 or ETX1100 and unlocks 11 units, leading on to 24 units in all.
- Credit points
- 6
- Offered in 2026
- Semester 2
- Clayton
- Assessment
- Exam 60%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2026 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ETC2560
Prerequisites
Pass these before you enrol.
- ETC1000Business and economic statisticsNo reviews yet
- ETF1100Business statisticsNo reviews yet
- ETB1100Business statisticsNo reviews yet
- ETW1001Introduction to statistical analysisNo reviews yet
- FIT1006Business information analysisNo reviews yet
- SCI1020Introduction to statistical reasoningNo reviews yet
- STA1010Statistical methods for scienceNo reviews yet
- ETX1100Business statisticsNo reviews yet
After ETC2560
11 units list ETC2560 as a prerequisite or corequisite.
- ETC3250Introduction to machine learningNo reviews yet
- ETC3420Applied insurance methodsNo reviews yet
- ETC3460Financial econometricsNo reviews yet
- ETC3550Applied forecastingNo reviews yet
- ETC3580Advanced statistical modellingNo reviews yet
- ETC5250Introduction to machine learningNo reviews yet
- ETC5342Applied insurance methodsNo reviews yet
- ETC5346Financial econometricsNo reviews yet
Enrolment rules
If you are enrolled in course B6014, there is no prerequisite to undertake this unit.
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Overview
This unit aims to provide an introduction of several important mathematical and statistical techniques that are of particular relevance to actuarial work. It covers the topics of exploratory data analysis, linear regression, generalised linear models, Bayesian statistics, and credibility theory, with a focus on their use in actuarial and insurance problems.
Offerings in 2026
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | Blended |
Assessment
- Quiz / Test20%
- Written20%
- Examination60%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
use appropriate statistical tools to perform exploratory data analysis
- 2
use linear regression models for handling insurance and financial data
- 3
use generalised linear models for modelling complex data
- 4
apply Bayesian models and credibility theory to insurance problems.
Workload and teaching
- Assessments-
- Seminars24 hours
- Workshops12 hours
- Tutorials12 hours
- Teaching approachProblem-based learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Learning resources
Technology resources
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Where it fits
ETC2560 is part of 2 areas of study in the 2026 handbook.
Contacts
- Chief Examiners
- Hong Li
Common questions
What are the prerequisites for ETC2560?
You need ETC1000, ETF1100, ETB1100, ETW1001, FIT1006, SCI1020, STA1010 or ETX1100 before you enrol. Enrolment rules also apply.
What can I take after ETC2560?
ETC2560 is a prerequisite or corequisite for 11 units, including ETC3250, ETC3420, ETC3460, ETC3550, ETC3580 and ETC5250. Those lead on to 24 units in all.
When is ETC2560 offered?
In 2026, ETC2560 runs in Semester 2 at Clayton.
How much work is ETC2560?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETC2560 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 2 other tasks.
Which majors and minors include ETC2560?
ETC2560 is part of Actuarial studies.