This course aims to extend actuarial students' knowledge of modern analytical tools and techniques beyond those introduced in introductory actuarial courses. It further aims to to teach students how to apply this knowledge in real-life business settings, preparing them for more complex and practice specific applications which will be taught in future courses in their actuarial education.
This subject provides the opportunity for exemption from the requirements of the Data Analytics Principles subject under the Actuaries Institute’s Actuary program. Such exemption depends on the grades attained in the subject.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Explain where and how their analytical work can add value to the business environment and strategy.
- Source, interpret, evaluate, prepare and justify data for modelling.
- Select, compare and justify appropriate predictive analytic techniques for a given business problem.
- Apply predictive analytic techniques to solve complex estimation and classification problems.
- Evaluate and compare performance of different models.
- Communicate findings to a range of audiences.
Indicative Assessment
- The research-based assessment will consist of assignments. (40) [LO 1,2,3,4,5,6]
- The other assessment may include but is not restricted to: exams, quizzes, presentations and other assessments as appropriate. (60) [LO 1,2,3,4,5,6]
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
Students are expected to commit 130 hours of work in completing this course. This includes time spent in scheduled classes and self-directed study time.
Inherent Requirements
Not applicable
Requisite and Incompatibility
You will need to contact the Rsch Sch of Finance, Actuarial Studies & App Stats to request a permission code to enrol in this course.
Prescribed Texts
Information about the prescribed textbook will be available via the Class Summary.
Assumed Knowledge
Students are assumed to have a good grasp of the material from the CS1 and CS2 exemptions of the Actuaries Institute.
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 34
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Course fees
- Domestic fee paying students
| Year | Fee |
|---|---|
| 2024 | $4680 |
- International fee paying students
| Year | Fee |
|---|---|
| 2024 | $6000 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
Second Semester
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 7933 | 22 Jul 2024 | 29 Jul 2024 | 31 Aug 2024 | 25 Oct 2024 | In Person | View |