Böcker av Dale S. (University of Akron Borowiak

Suitable for students preparing for a career in actuarial science, this work includes a chapter on Markov chain theory with applications to mortality and multiple decrement mortality table modeling, a presentation of model checking diagnostics that covers diagnostics for mortality tables, and a discussion on option pricing with examples.

Discusses model discrimination based upon incorrect selection probability. This book presents diagnostic statistics and formal hypothesis test procedures to assess a model's fit and stability. It explains the use of computer computations such as the jackknife and bootstrap, and demon.