Discuss the concept of Maximum Domain of Attraction (MDA) with examples.

Write a note on ‘Yield Curves’ with examples.

Distinguish between ‘Stop-Loss Reinsurance’ and ‘Excess of Loss Reinsurance’.

What are Mean Reversion Models? How is this different from Mean Reversion Jumps Models?

What is meant by Stochastic Claims Reserving? Discuss this in the contexts of (i) Chain-Ladder Models and (ii) Over-Dispersed Poisson Model.

How is pricing done in the case of Unit-Linked Insurance Contracts? Explain with particular reference to cases of (i) no guarantee and (ii) guaranteed benefit. 

Reduced form of a Simultaneous Equation System

Best Linear Unbiased Estimator

Describe how a distributed lag model is specified and estimated.

What is meant by dummy variable model? Illustrate how dummy variable is used in logit model. How do you interpret the parameters of logit model?

What is meant by identification problem in a simultaneous equation system? How do you decide whether an equation is identified?

What is meant by autocorrelation? Explain one of the remedial measures for the problem of heteroscedasticity.

Explain why an error term is added to the regression model. What assumptions are made about the error term? What are the implications of such assumptions? What will happen to the estimators of the parameters of the regression model, if these assumptions are violated?

(a) Estimate the regression model:  a stochatic , where u a stochastic error term with
classical assumptions.
(b) Find out the percentage variation in Y that is explained by X. 

Paradigm

Data generation

Input-output table

Traditional Method and Structural Equation Modeling.

What is action research? What are the advantages of strategy of action research over conventional research? Illustrate.

What is Canonical Correlation Analysis? State the similarity and difference between multiple regression and canonical correlation.