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  #41  
Old 03-31-2018, 01:04 PM
MathStatFin MathStatFin is offline
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I agree with this 100%. What I'm trying to say is this credential feels like a benefit for employers and lower end employees...

If I was someone who wanted to build predictive models, and by that I mean, REALLY build predictive models... would I want to work at a place that needs to look at this credential to value my worth? Wouldn't I be better off learning on my own and just applying to places that actually do predictive modeling, that can actually understand my worth?

I'm just laughing at a parallel universe where I go back to insurance and they tell me that their "predictive modeling" team requires me to have one of these credentials. Guess this works equally well as a red flag for serious candidates....

-Riley
You can't expect someone to be able to do that unless they have a solid foundation and understanding of the relevant approaches. A lot of people are just one trick ponies trying to use the same methodologies on every problem they encounter and have little to no theoretical understanding of why a method may not be appropriate for certain problems. That's why many mathematicians working in the DS world get irritated with CS people.
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  #42  
Old 03-31-2018, 02:23 PM
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Anyone doing this thing to make more money is probably barking up the wrong tree.
If this is true, then the credential will flop. Even more so if employers don't pay the price tag.

The only redeeming factor this credential might have that seems to match actuarial types well is... "Here are steps 1 through 6, complete and you're qualified!" I often overestimate people's ability to structure their own learning. I don't doubt this will do a good job at that, even if the material is behind the curve.

-Riley
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  #43  
Old 03-31-2018, 02:27 PM
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You can't expect someone to be able to do that unless they have a solid foundation and understanding of the relevant approaches. A lot of people are just one trick ponies trying to use the same methodologies on every problem they encounter and have little to no theoretical understanding of why a method may not be appropriate for certain problems. That's why many mathematicians working in the DS world get irritated with CS people.
The people I work with here form almost a 50/50 split between CS and Stats/Math/Physics. Each have their own strengths and I've found it a great strategy to pair people across that split.

-Riley
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  #44  
Old 03-31-2018, 02:28 PM
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However, there's no substitute for evaluating people on a case-by-case basis whether they are AS majors or Phds.
All I have is an informative prior. If I had to blindly choose, it would be easy. Fortunately, the interview process really clears things up for individuals.

-Riley
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  #45  
Old 01-16-2019, 12:08 PM
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When are they going to announce the pilot graduates?

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I can't think of any reason why someone would do this that isn't intellectual satisfaction on some level.
an actuarial manager voluntold by their superiors?
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  #46  
Old 01-17-2019, 05:24 PM
Pusee Pionkorff Pusee Pionkorff is offline
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At least this program is meant for "FSAs with at least five years of experience in the use of models and predictive analytics". FSAs are used to paying through the nose for exam material and seminars, probably. We can also be reasonably confident that FSAs who complete this program have actually mastered the material.

What pisses me off is all the boot camps out there that claim you can "become a data scientist in 6 months". Eventually, this will flood the data scientist market with people who think they know what they're doing, but then get stumped when you mess with some of the statistical assumptions of an ML algorithm.
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Old 01-18-2019, 08:57 PM
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Originally Posted by Pusee Pionkorff View Post
At least this program is meant for "FSAs with at least five years of experience in the use of models and predictive analytics". FSAs are used to paying through the nose for exam material and seminars, probably. We can also be reasonably confident that FSAs who complete this program have actually mastered the material.

What pisses me off is all the boot camps out there that claim you can "become a data scientist in 6 months". Eventually, this will flood the data scientist market with people who think they know what they're doing, but then get stumped when you mess with some of the statistical assumptions of an ML algorithm.
A different part of my company hired a few of these people (despite my warnings). One of them turned out OK, the rest turned out to be a fit for essentially nothing. These programs are mostly horseshit.
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  #48  
Old 01-24-2019, 04:03 AM
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Quote:
Originally Posted by Pusee Pionkorff View Post
At least this program is meant for "FSAs with at least five years of experience in the use of models and predictive analytics". FSAs are used to paying through the nose for exam material and seminars, probably. We can also be reasonably confident that FSAs who complete this program have actually mastered the material.

What pisses me off is all the boot camps out there that claim you can "become a data scientist in 6 months". Eventually, this will flood the data scientist market with people who think they know what they're doing, but then get stumped when you mess with some of the statistical assumptions of an ML algorithm.
I would see it the other way around: flooding the actuarial market with data scientists.
I am just a student, but from my point of view, actuaries are not data scientists. There are probably many useful ML techniques out there, but they must be seen as complements of the actuarial function.
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  #49  
Old 03-14-2019, 02:51 AM
Cormac Cormac is offline
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Default How much R is needed for this course?

Has anyone completed this course and how much R is needed. Module 1 has basic R but wondering if R is used through the course? Thanks.
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  #50  
Old 03-14-2019, 11:41 AM
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ShundayBloodyShunday ShundayBloodyShunday is offline
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The CAS Institute (a subsidiary of the CAS) is offering the Certified Specialist in Predictive Analytics (CSPA) credential.

Details are available at http://thecasinstitute.org/credentia...-data-science/

They are currently accepting applications for the CSPA credential via the Experienced Practitioner Pathway which allows individuals to earn the credential through an application process rather than by completing the required courses or exams.

Details at http://thecasinstitute.org/credentia...ioner-pathway/

The current cost is free and its open to anyone.
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Hmmm, the credential itself is in 5 parts and the first part that is currently available is not free. The predictive analysis part could be, but you wouldn't get a credential.
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Waivers, my good El Ducky. Waivers!

http://thecasinstitute.org/credentia...ience/waivers/

CAS Online Course 1 and 2 and Exam 5 gets the first part waived.

CAS Course on Professionalism waives the ethics & Professionalism requirements.

Experience and the COP waives all the requirements except the application - that's the Experienced Practitioner's Pathway thing.
Can't speak to the SOA course; but as far as the CSPA:

I was suggested to pursue this designation as a means to become better acquainted with data science methods to serve in an ERM-type role.

I have enough to get the waivers for the first exam plus satisfy the Ethics & Professionalism requirements.

I recently studied for and passed the second requirement and will be looking to study for the third one.

I know some of the people involved in the development of the credential, and they include individuals with a solid background in both Act Sci and Data Science.

The program is a joint venture with CAS and The Institutes (think CPCU) through a CAS subsidiary iCAS.

I thought the Exam wasn't too difficult and passed.
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