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Deterministic vs. Stochastic models: A guide to forecasting for pension plan sponsors
The results of a stochastic forecast can lead to a significant increase in understanding of the risk and volatility facing a plan compared to other models.
How should actuaries think and spend their time in regard to the COVID-19 pandemic? The news regarding COVID-19 is littered with complex ideas issued from technical experts that demand thought and (likely) translation for laypeople to understand them. Actuaries are skilled at both understanding exponential processes and growth and discussing these in accessible, conversational language.
This article was published in The Actuary magazine.
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