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The phrase "actuarial forecasting" is correct and usable in written English.
It can be used in contexts related to predicting future events or trends based on statistical data, particularly in fields like insurance and finance.
Example: "The company relies on actuarial forecasting to assess the potential risks and set appropriate premiums for their insurance policies."
Alternatives: "statistical forecasting" or "predictive modeling".
Exact(1)
Two primary pre-Medicare individual-level characteristics are considered: risk scores, which are an actuarial forecasting tool used to predict health expenditures for the following year, and biometric data on lung function and body mass index (BMI) that were gathered at the jobsite.
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If Mr Nathanson lives to 82, as actuarial forecasts suggest he might, the state will pay him $864,000, before allowing for cost-of-living adjustments.If Mr Nathanson keeps working till 63, his pension will rise to 2.4% of his final salary, multiplied by what would by then be 26 years of service; even assuming no wage increase, that would be almost $50,000 a year.
The German Actuarial Society is now forecasting for insurance clients that the life expectancy of children born after 2000 will be over 100.
On the other hand, scoring-rule-based incentives had no effect on the extent to which subjects' forecasts corresponded with forecasts generated by an actuarial Bayesian classification model.
Risk didn't become quantifiable until the Renaissance, ushering in such innovations as actuarial tables, long-term business forecasts, and true gambling odds.
These projections, based on proprietary market and economic forecasts and portfolio analyses, as well as on standard actuarial and tax data, estimate future probabilities for investors.
The demand for ways of predicting future criminal behavior has spawned a cottage industry of actuarial instruments, which predict sexual violence about as well as the S.A.T. forecasts freshman grades.
–What is actuarial science?
It is an actuarial necessity.
It's not that all natural disasters are unforeseeable — scientists have got better at forecasting hurricanes, and geologists can speculate about the likelihood of earthquakes over a long stretch of time — but there is nothing actuarial in these calculations.
Be actuarial for a second.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com