By NEAS - 9/17/2014 7:05:10 PM
This student project was submitted in September 2014. It explains the difference between linear regression and generalized linear models and provides a full illustration. Both life insurance and general insurance actuaries should learn to use generalized linear models, for pricing, reserving, and valuation. Candidates who wish to see how GLMs are used may review this file. The R statistical package has numerous functions for running generalized linear models.
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