Exam ATPA – Advanced Topics in Predictive Analytics

4 sections available · 22 chapters available

Free Exam ATPA – Advanced Topics in Predictive Analytics study notes for SOA (Society of Actuaries) students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.

Ethical Foundations

  • A general ethical framework for working with data and models

  • Relevant standards of practice

  • Relevant regulations for working with data and models

Working with Data

  • The structure of a data pipeline

  • Database management and ETL operations

  • Assessing the accuracy and quality of data

  • Relational databases and merging data from multiple sources

  • Cleaning and organizing data: outliers and missing data

  • Detecting biases introduced when preparing data

Advanced Predictive Analytics Models

  • The importance of model accuracy

  • Additive models, linear mixed models, and neural networks

  • Bayesian techniques for predictive models

  • Comparing results with linear and tree-based methods

  • Combining models via stacking and blending

  • Selecting and justifying a modeling approach

  • Mitigating overfitting, repeated data use, and model bias

Model Explainability and Communication

  • Aspects of explainability

  • Communicating and justifying an analytics solution

  • Explaining why a model predicts certain values

  • Data and model governance and documentation

  • Communicating clearly for the intended audience

  • Structuring a report per actuarial communication standards

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