ACTEX SOA exam SRM : study manual

CALL NO HG8781 F332a 2020

AUTHOR Feng, Runhuan

IMPRINT  New Hartford, Conn. : ACTEX Learning, c2020

Capitalizing on the authors’ experience in researching and teaching the associated syllabus topics, this manual aims to help you grasp the material in Exam SRM effectively and efficiently. It features carefully written expositions interspersed with mnemonics, exam tips, and unique insights into the subject, as well as more than 400 practice problems and their solutions, both original and from relevant past exams. This manual concludes with an original practice exam, including detailed solutions.

Exam SRM includes a number of topics not previously covered in SOA exams including generalized linear models, decision trees, principal components analysis and cluster analysis.

We have streamlined the material in both textbooks to result in more coherent expositions without unnecessary repetition. As far as possible, we have followed the notation in the two texts. You should note that exam questions can freely use symbols in the texts without defining the symbols for you.

Each chapter and section starts by explicitly stating which learning objectives and outcomes of the exam syllabus we are going to cover, to assure you that we are on track and hitting the right target. The learning outcomes of the syllabus are then demystified by precise and concise expositions synthesized from the syllabus readings, helping you acquire a deep and solid understanding of the subject matter.  Formulas and results of utmost importance are boxed for easy identification and memorization.

The interpretations and insights we present will foster a genuine understanding of the syllabus material and discourage slavish memorization. At times, we will present brief derivations in the hope that they can help you appreciate the structure of the formulas in question. It is the authors’ belief and personal experience that a solid understanding of the underlying concepts is always conducive to achieving good exam results.

Mnemonics and shortcuts are emphasized, so are highlights of important exam items and common mistakes committed by students. A full-length practice exam designed to mimic the real exam concludes this study manual giving you a holistic review of the syllabus material.

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