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Question 1: Which financial statement does the actuarial valuation of pension liabilities most directly impact?

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Question 2: When performing loss distribution modeling in actuarial science, which of the following distributions is most commonly used to model heavy tails in risk data?

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Question 3: What is the primary objective of "asset-liability matching" (ALM) in pension fund management?

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Question 4: What is the key advantage of using stochastic modeling over deterministic modeling in insurance risk assessment?

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Question 5: In actuarial modeling, how do you deal with heteroscedasticity (non-constant variance) when building a regression model?

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Question 6: Which actuarial tool is used to assess the financial impact of catastrophic events on an insurance portfolio?

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