Mind your step

Recurso electrónico / Electronic resource
Colección: Artículos
Título: Mind your step / Andrew SmithAutor: Smith, Andrew
Notas: Sumario: The idea of a long-term interest rate is embedded in actuarial thought and practice. While market interest rates fluctuate, we think about long-run averages driven by economic fundamentals. Tasks ranging from budgeting for pension contributions to the ultimate forward rate in Solvency II require assessments of long-run average returns. Estimation of long-run returns involves a mix of judgment and, sometimes, intricate quantitative models. Bayesian statistics gives us a framework for combining these elements: the judgment corresponds to a prior distribution of parameters, while the forecast is based on a posterior parameter distribution given some data
Registros relacionados: En: The Actuary : the magazine of the Institute & Faculty of Actuaries. - London : Redactive Publishing, 2019-. - 01/01/2020 Número 1 - January/February 2020 , p. 28-30Materia / lugar / evento: Teorema de Bayes Modelos actuariales Cálculo actuarial Tasas de interés Solvencia II Estadísticas Otras clasificaciones: 6
Ver detalle del número