Summary: 1/3
Chapter 3. Life tables.
Manual for SOA Exam MLC.
Chapter 3. Life tables.
Section 3.2. Mathematical models.
c 2009. Miguel A. Arcones. All rights reserved.
Extract from:
"Arcones' Manual for SOA Exam MLC. Fall 2009 Edition",
available at http://www.actexmadriver.com/
c 2009. Miguel A. Arcones. All rights reserved. Manual for SOA Exam MLC.
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Chapter 3. Life tables. Section 3.2. Mathematical models.
Mathematical models
A mathematical model is a sketch that represents a problem in a
simpler way. A mathematical model is a way to represent certain
entity imitating the behavior of the entity. It is a simplified version
of a situation in the real world. Mathematical models can serve a
critical function in understanding the world, and can often
approximate future events based on existing data and quantitative
relationships.

Source: Arcones, Miguel A. - Department of Mathematical Sciences, State University of New York at Binghamton

Collections: Mathematics