The field of probability and statistics is full of asymptotic results. The Law of Large Numbers and the Central Limit Theorem are two famous examples. An asymptotic result can be both a blessing and a curse. For example, consider a result that says that the distribution of some statistic converges
The term "fuzzy matching" describes a method of comparing two strings that might have slight differences, such as misspelling or a middle initial in a name included or not included. One of my favorite functions to compare the "closeness" of two strings is the SPEDIS (spelling distance) function. Have you
Actuarial practice has always been analytical—so how much is advanced analytics disrupting this element of insurance? We discussed this issue in a recent #SASchat. The importance of competitive pricing Analytics is now being used in more and more areas in insurance, and particularly to tailor pricing more precisely to customers’
