Test taking pointers?

samedi 18 avril 2015

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:

  • 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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