Section 3 of L -20 Risk models 2 is about parameter variability / uncertainty. It says that it does not address any specific syllabus objectives. However it contains lot of R code and examples. Is that content examinable? More precisely, are there any past exam questions from CT6/CS2 on this section? If not what is the likelihood of questions from this section coming in Paper B or Paper A of CS2 exam of IFoA and IAI? Note: It says this section provides useful material for applying risk models in practice. But I don't work in Insurance. I only want to study enough to pass exams.
I hope any Acted tutor guides me for this difficult section. Also, what is the best way to study R code in section 3? Do I have to memorize all different examples or understand only general techniques and try to apply them in exam?
Hello It is examinable. Any Core Reading (including the R examples) is examinable. It hasn't been examined as frequently as some other topics but there are some past questions. For example, question 8 in CT6 April 2013. I'm afraid I don't know how likely this topic is to come up in any future exam. When it comes to the code, I would recommend understanding the R techniques in general. You can then apply these to whatever scenario may come up in the exam. I also recommend using the Paper B online Resources (PBOR) available on our VLE to assist you in studying the code. All the best Andy
