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Actuarial Statistics (ACTL30004)
Undergraduate level 3Points: 12.5On Campus (Parkville)
To learn more, visit 2023 Course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 2
Overview
| Availability | Semester 2 |
|---|---|
| Fees | Look up fees |
This subject aims to provide students with grounding in advanced linear regression analysis which includes multiple linear regression, Spearman's and Kendall's measures of correlation, principal component analysis and generalised linear models. This subject also focuses on explaining the fundamental concepts of Bayesian statistics, deriving Bayesian estimators, and describing and applying the essential concepts of credibility theory.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Employ exploratory data analysis techniques to reduce dimensionality of complex data sets and to evaluate the correlation of multivariate data
- Recognise and interpret multiple linear regression models
- Identify the fundamental concepts of a generalised linear model (GLM) and discuss its practical implementation
- Use statistical software to fit regression and generalised linear models to a data set and interpret the results and to write simple functions to complete routine tasks
- Employ the bootstrap method to assess properties of an estimator
- Recognise the fundamental concepts of Bayesian statistics and employ these concepts to derive Bayesian estimators
- Identify and interpret the fundamental concepts of credibility theory
- Apply prerequisite mathematical and statistical concepts to the solution of problems on the above topics
Generic skills
High level of development: written communication; problem solving; statistical reasoning; application of theory to practice; synthesis of data and other information; evaluation of data and other information; use of computer software.
Last updated: 7 September 2023
Eligibility and requirements
Prerequisites
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| MAST20005 | Statistics |
Semester 2 (On Campus - Parkville)
Summer Term (Dual-Delivery - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 7 September 2023
Assessment
| Description | Timing | Percentage |
|---|---|---|
Assignment 1 (Week 5 or 6)
| First half of the teaching period | 15% |
Assignment 2 (Week 10 or 11)
| Second half of the teaching period | 15% |
End-of-semester examination
| During the examination period | 70% |
Last updated: 7 September 2023
Dates & times
- Semester 2
Principal coordinator Enrique Calderin Mode of delivery On Campus (Parkville) Contact hours Two 1-hour lectures and one 1-hour tutorial per week Total time commitment 170 hours Teaching period 24 July 2023 to 22 October 2023 Last self-enrol date 4 August 2023 Census date 31 August 2023 Last date to withdraw without fail 22 September 2023 Assessment period ends 17 November 2023 Semester 2 contact information
Time commitment details
Estimated total time commitment of 170 hours.
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
- Completion rate. Students who started their course from 2022 and are in a CSP or receiving a HELP Loan (eg FEE-HELP) must meet the completion rate to continue to receive Commonwealth Support for that course.
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement, and as a fail toward the completion rate, unless there are approved ‘special circumstances’.
Last updated: 7 September 2023
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
Recommended texts and other resources
Information Not Available
- Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Production)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 7 September 2023