Actuarial Statistics: An Introduction Using R (2nd Edition)

DETAILS :

• Author : Shailaja Deshmukh , Vidyagouri Prayag
• Publisher ‏ : ‎ The Universities Press
  
• ISBN-10 :‎ 9393330794
  
• ISBN-13 : 9789393330796
  
• Publication date ‏ : ‎ August 19, 2024
  
• Language ‏ : ‎ English
  
• Weight : 750 G

ABOUT THE BOOK 

Actuarial science is an interdisciplinary science comprising four subjects—mathematics, statistics, economic and finance. Statistics plays a key role in laying the foundation of actuarial calculations taking into account the uncertainty in the mortality patterns of society and under varying economic conditions. In the first edition of the book, we introduced some basic concepts related to computation of premiums and reserves for some standard life insurance products adopting a rigorous mathematical approach underlying the theoretical concepts. These were supported by numerical computations with R software. In this revised second edition of the book, the theoretical development has not been changed much. However, the role of R so􀅌ware has been extended. In each chapter, computational exercises based on R software are included to provide a hands-on experience to students. Another novel feature of this edition is the inclusion of over 160 multiple choice questions for which answers provided. The main aim of this textbook is to provide a thorough treatment of basic techniques, theoretically and computationally using R, so that it will be suitable for self-study, particularly in the present era of online education.

ABOUT THE AUTHOR 

• Shailaja R. Deshmukh is a veteran statistician who served as a professor in the Department of Statistics at Savitribai Phule Pune University. Her research interests include stochastic processes, applied probability, and actuarial statistics. She has authored or co-authored several books, such as Multiple Decrement Models in Insurance and Statistics Using R.
• Vidyagouri Prayag is a co-author of this edition, bringing practical industry experience from her role as a statistician at Cytel Software. Together, the authors combine academic depth and applied actuarial experience, making the book both theoretically sound and practically relevant.