How Long to Read Bayesian Statistics in Actuarial Science

How Long Does it Take to Read Bayesian Statistics in Actuarial Science?

It takes the average reader 4 hours and 5 minutes to read Bayesian Statistics in Actuarial Science by Stuart A. Klugman

Assuming a reading speed of 250 words per minute. Learn more

Description

The debate between the proponents of "classical" and "Bayesian" statistica} methods continues unabated. It is not the purpose of the text to resolve those issues but rather to demonstrate that within the realm of actuarial science there are a number of problems that are particularly suited for Bayesian analysis. This has been apparent to actuaries for a long time, but the lack of adequate computing power and appropriate algorithms had led to the use of various approximations. The two greatest advantages to the actuary of the Bayesian approach are that the method is independent of the model and that interval estimates are as easy to obtain as point estimates. The former attribute means that once one learns how to analyze one problem, the solution to similar, but more complex, problems will be no more difficult. The second one takes on added significance as the actuary of today is expected to provide evidence concerning the quality of any estimates. While the examples are all actuarial in nature, the methods discussed are applicable to any structured estimation problem. In particular, statisticians will recognize that the basic credibility problem has the same setting as the random effects model from analysis of variance.

How long is Bayesian Statistics in Actuarial Science?

Bayesian Statistics in Actuarial Science by Stuart A. Klugman is 238 pages long, and a total of 61,404 words.

This makes it 80% the length of the average book. It also has 75% more words than the average book.

How Long Does it Take to Read Bayesian Statistics in Actuarial Science Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 35 minutes to read Bayesian Statistics in Actuarial Science aloud.

What Reading Level is Bayesian Statistics in Actuarial Science?

Bayesian Statistics in Actuarial Science is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Bayesian Statistics in Actuarial Science?

Bayesian Statistics in Actuarial Science by Stuart A. Klugman is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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