Can anyone provide practical advice on test taking skills for this exam? Things like, "really read the question," aren't too productive, while they are needed to answer a problem.
Here's a list of things I've thought of:
I suck at test taking skills, so I'd appreciate any advice!
Here's a list of things I've thought of:
- Find the actual "prompt" of the question before scanning the provided data, e.g., "...calculate premium for the large deductible policy..."
- For reserving questions, determine if you need a result for a single AY (if so, is it the least mature or not?), all given AYs individually, or the total across all experience
- For ULAE problems, be careful how reserves are provided, i.e., pure IBNR, IBNER, or case O/S
- It's better to attempt an entire problem, than waste time on 1 part of the question
- If low on time and a sub-question is dependent on prior parts, make an assumption of the prior answers to answer the question
- For written questions, give enough statements knowing each statement is worth ~0.25 pt
- For a non-trivial calculation problem (i.e., >= 2 pt), take 5 - 10 s to think how the answer should be presented
- For reserving questions calculating LDFs, don't forget to include a tail factor even if it's 1.0
I suck at test taking skills, so I'd appreciate any advice!
Test taking pointers?
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