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Section 3 in L-20. Risk models 2

N

NewStudent

Active Member
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
 
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