Question 1: For a logistic regression model, which type of link function is used to model the probability of an event occurring (such as claim occurrence)?
Which action should you take?
Question 2: When using linear regression in actuarial analysis, what is typically assumed about the residuals?
Which action should you take?
Question 3: How does "Portfolio Optimization" apply to financial modeling in the insurance industry, and what methods do you use to balance risk and return?
Which action should you take?
Question 4: Which of the following is NOT a primary objective of Solvency II for the insurance industry?
Which action should you take?
Question 5: When analyzing the persistence of insurance claims, which statistical technique would you use to model the time until a claim reoccurs?
Which action should you take?
Question 6: In a survival analysis, what is the Cox proportional hazards model used to estimate?
Which action should you take?