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  • Modeling the Cost of Medical Care for the Elderly
    Modeling the Cost of Medical Care for the Elderly An excerpt from a presentation at the 2014 Living ... than $13 trillion by 2055, about 50 percent of total medical expenditures. Model validation;Modeling efficiency ...

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    • Authors: Thomas Getzen
    • Date: Jan 2014
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; External Forces & Industry Knowledge>Actuarial theory in business context; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Health Watch
    • Topics: Long-term Care>Medical expenses; Modeling & Statistical Methods>Estimation methods
  • Credibility Theory - C-21-01 Study Note
    Credibility theory provides tools to deal with the randomness of data that is used for predicting future events ... uses past loss information of an insured or group of insureds to estimate the cost to provide fu- ture ...

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    • Authors: Society of Actuaries
    • Date: Jul 1998
    • Competency: External Forces & Industry Knowledge>Actuarial theory in business context; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Topics: Modeling & Statistical Methods>Bayesian methods; Modeling & Statistical Methods>Estimation methods