Actuarial Notes

CAS Exam MAS-II Fall 2018, Question 29

Study guide: Exam MAS-II

You are given the following possible reasons to use a Bayesian multi-level model.

  • I. To improve estimates for repeat sampling
  • II. To improve estimates for imbalance in sampling
  • III. To avoid averaging

Determine which of the above reasons are valid.

  • A) None are valid
  • B) I and II only
  • C) I and III only
  • D) II and III only
  • E) The answer is not given by (A), (B), (C), or (D)

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