Math Help : What Math Do Actuaries Use?

[jar1792]

Im preparing for the Actuarial exam. I'm taking Calc 1-4, Mathematical proofs, Business Statistics, Time series Statistics, Advanced linear regression Models, Probability theory, and 2 other stats theory classes. plus im receiving my Bachelors in Finance from Cal Poly SLO. soooooo.... yeah. its a lot of math

[bucko06]

Jimmy Chang... ahahaha

[practicalwhacktical]

@milojhanju I am an adjuster, but have worked heavily with actuaries. Many US universities have an actuary specific program that you can major in that will set you up properly. If not, look one up to see the courses they have.

[quantaferus]

Those hands, so creepy

[jamesbrannick123]

Great vid jimmy instructive short and to the point! Nice 1!

[somil07]

this is not all. actuaries are even using calculus, annuities etc. which hv not been mentioned even

[pberrios0223]

yeah, probability uses calculus, it wouldnt be as powerful without it, take an advanced statistics course ;)

[nwyrkb1]

wow

[vidhya2006ify]

good answer

[animallinson]

that is a better answer

[Khemix4]

better answer:

all highschool math. calculus of single variables and multivariables. linear and matrix algebra. calculus based statistics and probability. also depending on specialty: stochastic statistics and differential equations. all equivalent to the first 2-3 years of a stats/math major.

[TheInfiniteSeries]

I know. He made it sound like it was just probability. What a jerk!

[nwyrkb1]

fuck you

[TheInfiniteSeries]

Thats a smart comment.

[booe34]

You are a schmuck...a schmuck!!!

[handsomeric]

I agree this is a better answer...but if this guy really used all these terms to explain it...then this won't be a one and a half minutes clip any more I can assure you that...

[nwyrkb1]

suck dick

[ChayDawg64]

@Khemix4 sweet. are derivatives and the sigma sign anywhere in there? oh, and logic? ummmm would an Actuary have to deal with truth tables?

[Khemix4]

@ChayDawg64

there are plenty of derivatives and sigma sign's found in the math used by actuaries. while you may not deal with truth tables directly, you will need to know them to deal with the math you are using.

[ChayDawg64]

@Khemix4 cool name. has a hint of logical thinking but a sense of mystism... like Dr. Strange. or the Amalgam of him and Fate. Anyway. thank you for your answer. so my question is: my understanding of derivatives were a very complicated sequence that almost borderline theoretical. like lover case i. imaginary numbers. is it truly possible to mathematically calculate a future? i do apologize if im being too analytical.

[quarzent]

@Khemix4 "all equivalent to the first 2-3 years of a stats/math major." ....Or engineering, or physics major.