Pinnacle APEX Webinar December 2024 - Extending Generalized Linear Models to Generalized Additive Models

Generalized Additive Models (GAMs) are a powerful tool for actuaries, offering a flexible, data-driven approach to modeling continuous variables while maintaining interpretability and avoiding overfitting. They provide a natural extension to Generalized Linear Models (GLMs), with many shared techniques and methods, making GAMs a useful addition to the actuarial toolkit. In this Pinnacle APEX Webinar, Senior Consulting Actuary Radost Wenman will provide a high-level conceptual overview of GAMs, highlighting their role as an extension of GLMs for modeling nonlinearity in continuous variables without the need for rigid transformations.