May 05, 2024  
2023-2024 Undergraduate Academic Catalog 
    
2023-2024 Undergraduate Academic Catalog [ARCHIVED CATALOG]

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ACS 3420 - Linear Models and Predictive Analytics

3 lecture hours 0 lab hours 3 credits
Course Description
This course is designed for actuarial science majors to provide them with a solid statistical foundation. It will introduce the theory and practical application of linear models and predictive analytics techniques commonly used for insurance modeling work. In particular, this course will cover generalized linear models, data visualization, principal component analysis, and decision tree. This course meets the following Raider Core CLO requirement: Integrate Learning. (prereq: MTH 2130  and ACS 3410  or Actuarial Science program director consent) (quarter system prereq: MA 2323 and MA 2411 or Actuarial Science program director consent)
Course Learning Outcomes
Upon successful completion of this course, the student will be able to:
  • Employ fundamental exploratory data analysis on data
  • Use appropriate linear models such as generalized linear models and generalized additive models for analyzing the data
  • Understand the key concepts of dimension reduction using principal components analysis 
  • Apply predictive analytics techniques on real-life problems
  • Use R or other statistical software to solve problems in topics covered in this course
  • Interpret results for various linear models and predictive analytics

Prerequisites by Topic
  • Multivariable calculus
  • Probability theory and application
  • Statistics

Course Topics
  • Explanatory data analysis
  • Generalized linear model
  • Generalized additive models
  • Principle component analysis
  • Penalized regression
  • Decision tree and cluster analysis

Coordinator
Dr. Won Chul Song



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