Data Science Toolkit

DSAC’s Data Science Toolkit offers a series of resources related to data science, including defining big data, data bias, correlation and causation, emphasizing how they may affect actuarial modeling, and consumer experience.

Data Science Toolkit

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Data Science Toolkit Resources

Issue Brief

Defining Big Data

The Data Science and Analytics Committee released an issue paper, Defining Big Data. The paper is intended to build a shared language and concepts of big data and associated themes for the actuarial…
Date Published: 09/25/2024
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Issue Brief

Discrimination: Considerations for Machine Learning, AI Models, and Underlying Data

This issue brief defines discrimination (including distinguishing between discrimination, unfair discrimination, and unjust discrimination); presents practical methods for testing and monitoring…
Date Published: 08/07/2023
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Issue Brief

An Actuarial View of Data Bias: Definitions, Impacts and Considerations

This issue brief examines the key types of data bias that actuaries may encounter and focuses on the kinds of biases found in modeling data and the implications for algorithmic outcomes. 
Date Published: 07/01/2023
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