What is the Importance of Data in Actuarial Science and Epidemiology?
Data is the lifeblood of both actuarial science and epidemiology. High-quality, comprehensive data allows for accurate risk assessment and reliable predictions. Actuaries and epidemiologists rely on data from clinical trials, population surveys, and health records to build their models. The integration of big data and advanced analytics has further enhanced the ability to make precise forecasts and informed decisions.
