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A course mapper by Monash Association of Coding (MAC)
Statistical modelling for actuarial studies
ETC5256
Synopsis
This unit aims to provide a grounding in several important statistical and mathematical methods that are of particular relevance to actuarial work. It covers the areas of exploratory data analysis, linear regression, generalised linear models, Bayesian modelling, and credibility theory, with a focus on dealing with actuarial and insurance issues in the industry.
Sourced from the Monash Handbook 2026.
Quick facts
- Credit points
- 6
- Level
- 5
- Audience
- Postgraduate
- Type
- Coursework
- School
- Faculty of Business and Economics
- Faculty
- Department of Econometrics and Business Statistics
- Handbook year
- 2026
Prerequisites (10)
- Business statisticsETB1100
- Business and economic statisticsETC1000
- Business statisticsETF1100
- Business statisticsETM5900
- Introduction to statistical analysisETW1001
- Business statisticsETX1100
- Business statisticsETX5900
- Business information analysisFIT1006
- Introduction to statistical reasoningSCI1020
- Statistical methods for scienceSTA1010
What it unlocks (6)
- Introduction to machine learningETC5250
- Applied insurance methodsETC5342
- Financial econometricsETC5346
- Applied forecastingETC5550
- Advanced statistical modellingETC5580
- Business forecastingETF5231
Offerings (1)
- Second semesterClayton · BLENDED