Knowledge & Expertise

Faculty and Instructors

Wisconsin School of Business

Edward (Jed) Frees

Professor

Professor - Actuarial Science, Risk Management & Insurance
Assurant Health Professor of Actuarial Science

Edward W. (Jed) Frees is a professor in the Actuarial Science, Risk Management and Insurance Department of the Wisconsin School of Business. He is the Assurant Health Insurance Professorship of Actuarial Science. His research interests are in actuarial science, regression and business forecasting, and panel data.

Frees is a Fellow of both the Society of Actuaries and the American Statistical Association. Frees is the only individual to be a Fellow of both organizations.

Prior to earning his Ph.D., he was employed by M& R Services (a Seattle actuarial and software consulting firm), John Eriksen's & Partners (a New Zealand actuarial consulting firm), and the United Kingdom's Government Actuaries Department. In addition, in 1989-1990 he was a visiting principal researcher at the U. S. Bureau of the Census. His home has been UW-Madison since 1983, where he teaches courses in statistics and actuarial science.

Frees received his Ph.D. in mathematical statistics from the University of North Carolina at Chapel Hill.
 

Selected Accepted Journal Articles

Frees, E. (2006). Forecasting of labor force participation rates. The Journal of Official Statistics
Frees, E. (2004). Regression models for data analysis. an entry for "Encyclopedia of Actuarial Science," Wiley, UK, 12 pages.

Selected Published Journal Articles

Johnson, Jr., P., Rosenberg, M., & Frees, E. (2012). Analyses of Racial Disparities in U.S. Inpatient Mental Health Treatment. Internet Journal of Mental Health
Shi, P., & Frees, E. (2011). Dependent loss reserving using copulas. Astin Bulletin - Journal of the International Actuarial Association (41), 449-486.
Frees, E., Gao, J., & Rosenberg, M. (2011). The Frequency and Amount of Inpatient and Outpatient Healthcare Expenditures. North American Actuarial Journal (15), 377-392.
Yang, X., Frees, E., & Zhang, Z. (2011). A Generalized Beta Copula with Applications in Modeling Multivariate Long-tailed Data. Insurance: Mathematics and Economics (49), 265-284.
Frees, E., Meyers, G., & Cummings, A. (2011). Summarizing insurance scores using a Gini index . Journal of the American Statistical Association (106), 1085-1098.
Frees, E., Meyers, G., & Cummings, A. (2011). Dependent multi-peril ratemaking models . Astin Bulletin: Journal of the International Actuarial Association
Antonio, K., Frees, E., & Valdez, E. (2010). A Multilevel Analysis of Intercompany Claim Counts . Astin Bulletin: Journal of the Internation Actuarial Association
Frees, E., & Sun, Y. (2010). Household Life Insurance Demand - a Multivariate Two-Part Model. North American Actuarial Journal (14), 338-354.
Shi, P., & Frees, E. (2010). Long-tail Longitudinal Modeling of Insurance Company Expenses. Insurance: Mathematics and Economics (47), 303-314.
Frees, E., Shi, P., & Valdez, E. (2009). Actuarial Applications of a Hierarchical Insurance Claims Model. Astin Bulletin - Journal of the International Actuarial Association
Frees, E., & Valdez, E. (2008). Hierarchical Insurance Claims Modeling. Journal of the American Statistical Association (103), 1457-1469.
Sun, J., Frees, E., & Rosenberg, M. (2008). Heavy-Tailed Longitudinal Data Modeling Using Copulas. Insurance: Mathematics and Economics (42), 817-830.
Rosenberg, M., Frees, E., Sun, J., Johnson, P., & Robinson, J. (2007). Predictive Modeling with Longitudinal Data: A Case Study of Wisconsin Nursing Homes. North American Actuarial Journal (11), 54-69.
Kim, J., & Frees, E. (2007). Omitted variables in multilevel models. Psychometrika (71), 659-690.
Frees, E. (2007). James C. Hickman an Actuary who made a difference. North American Actuarial Journal
Frees, E., & Kim, J. (2007). Multilevel Modeling with Correlated Effects. Psychometrika (72), 505-533.
Frees, E., & Kim, J. (2006). Multilevel model prediction. Psychometrika (71), 79-104.
Frees, E., & Wang, P. (2006). Copula credibility for aggregate loss models. Insurance: Mathematics and Economics (38), 360-373.
Frees, E. (2005). Pension plan termination and retirement. North American Actuarial Journal (9), 1-20.
Frees, E., & Wang, P. (2005). Credibility using copulas. North American Actuarial Journal (9), 31-48.
Frees, E., & Miller, T. (2004). Sales forecasting using longitudinal data models. International Journal of Forecasting (20), 97-111.
Luo, Y., Young, V., & Freees, E. (2004). Credibility ratemaking using collateral information. Scandinavian Actuarial Journal (2004), 448-461.
Frees, E., & Jin, C. (2004). Empirical standard errors for longitudinal data mixed linear models. Computational Statistics (19), 455-475.
Frees, E. (2004). Longitudinal and Panel Data: Analysis and Applications for the Social Sciences. Cambridge University Press, , 484 pages.
Frees, E. (2003). Stochastic forecasting of labor force participation rates. Insurance: Mathematics and Economics (33), 317-336.
Frees, E. (2003). Pension Plan Termination and Retirement Study. Available at the web site research.bus.wisc.edu/jfrees/., 90 pages.
Frees, E., Young, V., & Luo, Y. (2001). Case studies using panel data models. North American Actuarial Journal (4), 24-42.
Browne, M., Jaewook, C., & Frees, E. (2000). International Property-Liability Insurance Consumption. Journal of Risk and Insurance (67), 18.
Frees, E. (1999). Summary of the Social Security Administration Projections of the OASDI System. . Social Security Advisory Board, Washington, D.C.available at the web site: www.ssab.gov/reports.html
Frees, E. (1999). The 1999 Technical Panel on Assumptions and Methods (I am one of 12 authors on this report). . Social Security Advisory Board, Washington, D.C (available at the web site: www.ssab.gov/reports.htm)
Frees, E., Young, V., & Luo, Y. (1999). A longitudinal data analysis interpretation of credibility models. Insurance: Mathematics and Economics (24), 229-248.
Frischmann, P., & Frees, E. (1999). Demand for services: Determinants of tax preparation fees. Journal of the American Taxation Association (21), 1-23.
Frees, E. (1998). Relative importance of risk sources in insurance systems. North American Actuarial Journal (2), 53-76.
Frees, E., & Miller, R. (1998). Designing effective graphs . North American Actuarial Journal (2 ), 34-52.
Banerjee, M., & Frees, E. (1997). Influence diagnostics for longitudinal models. Journal of the American Statistical Association (92), 999-1005.
Frees, E., Kung, Y., Rosenberg, M., Young , V., & Lai, S. (1997). Forecasting Social Security actuarial assumptions. North American Actuarial Journal (1), 49-82.
Frees, E. (1996). Data Analysis Using Regression Models:The Business Perspective. Prentice-Hall, Englewood Cliffs, NJ, , 750 pages.
Frees, E., Carriere , J., & Valdez, E. (1996). Annuity valuation with dependent mortality. Journal of Risk and Insurance (63), 229-261.
Frees, E. (1995). Semiparametric estimation of warranty costs. Journal of Nonparametric Statistics (5), 103-122.
Frees, E. (1995). Warranties as a contingent claim. Product Warranty Handbook, 789-802.
Frees, E. (1995). Assessing cross-sectional correlations in panel data. Journal of Econometrics (69), 393-414.
Lai, S., & Frees, E. (1995). Examining changes in reserves using stochastic interest models. Journal of Risk and Insurance (62), 535-574.
Shieh, S., Johnson, R., & Frees, E. (1994). Testing independence of bivariate circular data and weighted degenerate U-statistic . Statistica Sinica (4), 729-747.
Frees, E. (1993). Short-term forecasting of internal migration. Environment and Planning, Series A (25), 1593-1606.
Frees, E. (1992). Forecasting state-to-state migration rates. Journal of Business and Economic Statistics (10), 153-167.
Frees, E. (1991). Trimmed slope estimates for simple linear regression. . Journal of Statistical Planning and Inference, (27), 203-221.
Frees, E. (1991). Linear regression and U-statistics. . Sankhya, Series A (53), 84-96.
Frees, E. (1990). Stochastic life contingencies with solvency considerations (with discussion) . Transactions of the Society of Actuaries (42), 91-148.
Frees, E., & Velu, R. (1990). Insurance pricing using time series regression . Journal of Insurance Issues and Practices (13), 39-55.
Frees, E., & Ruppert, D. (1990). Estimation following a Robbins-Monro designed experiment. Journal of the American Statistical Association (85), 1123-1129.
Frees, E. (1989). Infinite order U-statistics. Scandinavian Actuarial Journal (16), 29 45.
Frees, E. (1988). Net premiums in stochastic life contingencies . Transactions of the Society of Actuaries (40), 371-385 (with discussion).
Frees, E. (1988). On estimating the cost of a warranty. Journal of Business and Economic Statistics (6), 79-86.
Frees, E., & Nam, S. (1988). Approximating expected warranty costs. Management Science (34), 1441-1449.
Cho, D., & Frees, E. (1988). Estimating the volatility of discrete stock prices. Journal of Finance (43), 451-466.
Clayton, M., & Frees, E. (1987). Nonparametric estimation of the probability of discovering a new species. Journal of the American Statistical Association (82), 305-311.
Frees, E. (1986). Warranty analysis and renewal function estimation. Naval Research Logistics (33), 361-372.
Frees, E. (1986). Optimizing costs of age replacement policies. . Journal of Stochastic Processes and their Applications (21), 195-212.
Frees, E. (1985). Weak convergence of stochastic approximation processes with random indices. Sequential Analysis (4), 59-82.
Frees, E., & Ruppert, D. (1985). Sequential nonparametric age replacement policies. Annals of Statistics (13), 650-662.

Selected Submitted Journal Articles

Frees, E., Meyers, G., & Cummings, A. (2011). Risk Based Scores and the Gini Index. Journal of Risk and Insurance
Frees, E., Meyers, G., & Cummings, A. (2010). Predictive Modeling of Multi-Peril Homeowners Insurance. Variance: Journal of the Casualty Actuarial Society
Shi, P., & Frees, E. (2010). Dependent loss reserving using copulas. Astin Bulletin - Journal of the International Actuarial Association

Submitted Working Papers

Frees, E., & Browne, M. Prohibitions on Health Insurance Underwriting: A Means of Making Health Insurance Available Or a Cause of Market Failure?.

Presentations

Actuarial Research Conference
Technology Enhanced Learning for Actuarial Education

ISI Annual Meeting
Predicting Multivariate Two-Part Health Outcomes

Casualty Actuarial Society Annual Meeting
Actuarial Applications of a Hierarchical Insurance Claims Model

2010 Valuation Actuary Symposium
Avoiding Statistical Pitfalls in Actuarial Work

Actuarial Research Conference
Technology Enhanced Learning for Actuarial Education

Insurance: Mathematics and Economics
Individual Risk Predictive Modeling

Casualty Actuarial Society Spring Meeting
Summarizing Insurance Scores Using a Gini Index

Annual Research Conference
Dependent multi-peril ratemaking models

Department Seminar
Predictive modeling in insurance

Department Seminar
A multilevel analysis of intercompany claim counts

Department Seminar
A multilevel analysis of intercompany claim counts

Annual Research Confernce
A multilevel analysis of intercompany claim counts

Insurance: Mathematics and Economics
Actuarial Applications of a Hierarchical Insurance Claims Model

Workshop on Recent Advances in Financial and Insurance Risk Management
Actuarial Analysis of a Hierarchical Insurance Claims Model

Risk Theory Society Conference
Actuarial Applications of a Hierarchical Insurance Claims Model

Department Seminar
Hierarchical Insurance Claims Modeling

Department Seminar
Actuarial Analysis of a Hierarchical Insurance Claims Model

Predictive Modeling Seminar
Advanced Predictive Modeling Workshop

Department Seminar
Hierarchical Insurance Claims Modeling

Department Seminar
Heavy-Tailed Longitudinal Data Modeling Using Copulas

Annual Research Conference
Heavy-Tailed Longitudinal Data Modeling Using Copulas

Insurance: Mathematics and Economics Conference
Heavy-Tailed Longitudinal Data Modeling Using Copulas

Department Seminar
Longitudinal Modeling of Singapore Motor Insurance

Annual Research Conference
Longitudinal modeling of Singapore motor insurance

Insurance: Mathematics and Economics Conference
Copula credibility for aggregate loss models

Second Brazilian Conference on Statistical Modeling in Insurance and Finance
Copula credibility for aggregate loss models

University of Iowa
Long tail longitudinal and panel data

Annual research Conference
Credibility of copulas

Editorial Boards

Annals of Actuarial Science - Since January 2011
Associate Editor

Insurance: Mathematics and Economics - Since January 1997
Associate Editor

Photograph of Edward Frees

Edward (Jed) Frees

Professor
 
Professor | Actuarial Science, Risk Management & Insurance
Assurant Health Professor of Actuarial Science
(608) 262-0429
4112 Grainger Hall