2018-19 Modeling the Future Challenge

Ages:High School

Types:Submission, Presentation

Categories:Mathematics, STEM

Scope:National

September 5, 2018 Registration Opens

November 11, 2018 Registration Closes

The Modeling the Future Challenge asks high school students to use mathematics and real-world data to predict how a new technology could change the future! The Challenge helps students learn data analytics, mathematical modeling, and actuarial science. By competing in the MTF Challenge students learn to analyze data and create mathematical models to predict what will happen in the future based on that data. Each year a technology theme is selected in which students identify and characterize one way they think the technology will change the future. The 2018-19 Challenge theme is "Future Cures!" Teams of students compete through three phases of the MTF Challenge:

Phase 1: Scenario Response

Phase 2: Preliminary Report

Phase 3: Final Presentations

The information listed on this landing page is for reference only. For official information about the challenge, make sure to check out the MTF Challenge website.

Phase 1: Scenario Response

MTF will pose a set of business scenarios with existing data (real or created), that require simple mathematical modeling tasks and written responses to answer questions about the scenario. Points will be awarded based on a strict rubric for each question. Teams that pass the bar by answering enough questions correctly, will be recognized as Modeling the Future Challenge semi-finalists, and will move on to phase 2 of the competition.

Phase 2: Preliminary Report

Semi-finalist teams will select an area in which they think the technology theme for the year (for example, the 2017 theme was "Autonomous Vehicles") will change the future. Teams must then identify and analyze data that helps them mathematically model and characterize the expected change. Teams must submit their work in a written report that will be reviewed by a panel of actuarial fellows to select Modeling the Future Finalists. To support semi-finalist teams in creating successful reports, each team will be paired up with an actuarial mentor who will meet with the teams for two 1-hour virtual sessions and help guide the students in coming up with their topic of change, data sets and mathematical models. The first mentor session will provide early guidance on how to identify an area of change and find appropriate data sets. The second session will provide the team with feedback on their draft report to help identify areas where they may want to strengthen their work. Preliminary reports will be evaluated by actuarial judges to select the top teams who will be recognized as Modeling the Future Finalists. Finalists will be awarded a travel grant to present their work at the national MTF Symposium and compete for $55,000 in college scholarships.

Phase 3: Final Presentations

All finalist teams will attend the Modeling the Future Symposium and present their work live in front of a panel of expert actuarial judges. Judges will review teams final reports and presentations to select the MTF Challenge’s “Actuarial Scholars” who will receive the final scholarship awards.

Round 1: Scenario Response - The first phase of the MTF Challenge is evaluated based on the number of correct answers provided in response to the scenario prompts.

Round 2: Preliminary Report - In the second phase, judges review the submitted report and score the submissions based on a rubric.

Round 3: Presentations - The final phase of the competition is scored based on the team's live presentation of their research report.

This competition has not yet listed it's awards.

Website: www.mtfchallenge.org

Managing Organization: The Actuarial Foundation

Contact:

challenge@mtfchallenge.org

Entry Fee: $0

This competition is open to students in High School.

September 5, 2018 Registration Opens

November 11, 2018 Registration Closes

Overview

The Modeling the Future Challenge asks high school students to use mathematics and real-world data to predict how a new technology could change the future! The Challenge helps students learn data analytics, mathematical modeling, and actuarial science. By competing in the MTF Challenge students learn to analyze data and create mathematical models to predict what will happen in the future based on that data. Each year a technology theme is selected in which students identify and characterize one way they think the technology will change the future. The 2018-19 Challenge theme is "Future Cures!" Teams of students compete through three phases of the MTF Challenge:

Phase 1: Scenario Response

Phase 2: Preliminary Report

Phase 3: Final Presentations

The information listed on this landing page is for reference only. For official information about the challenge, make sure to check out the MTF Challenge website.

Process

Phase 1: Scenario Response

MTF will pose a set of business scenarios with existing data (real or created), that require simple mathematical modeling tasks and written responses to answer questions about the scenario. Points will be awarded based on a strict rubric for each question. Teams that pass the bar by answering enough questions correctly, will be recognized as Modeling the Future Challenge semi-finalists, and will move on to phase 2 of the competition.

Phase 2: Preliminary Report

Semi-finalist teams will select an area in which they think the technology theme for the year (for example, the 2017 theme was "Autonomous Vehicles") will change the future. Teams must then identify and analyze data that helps them mathematically model and characterize the expected change. Teams must submit their work in a written report that will be reviewed by a panel of actuarial fellows to select Modeling the Future Finalists. To support semi-finalist teams in creating successful reports, each team will be paired up with an actuarial mentor who will meet with the teams for two 1-hour virtual sessions and help guide the students in coming up with their topic of change, data sets and mathematical models. The first mentor session will provide early guidance on how to identify an area of change and find appropriate data sets. The second session will provide the team with feedback on their draft report to help identify areas where they may want to strengthen their work. Preliminary reports will be evaluated by actuarial judges to select the top teams who will be recognized as Modeling the Future Finalists. Finalists will be awarded a travel grant to present their work at the national MTF Symposium and compete for $55,000 in college scholarships.

Phase 3: Final Presentations

All finalist teams will attend the Modeling the Future Symposium and present their work live in front of a panel of expert actuarial judges. Judges will review teams final reports and presentations to select the MTF Challenge’s “Actuarial Scholars” who will receive the final scholarship awards.

Criteria

Round 1: Scenario Response - The first phase of the MTF Challenge is evaluated based on the number of correct answers provided in response to the scenario prompts.

Round 2: Preliminary Report - In the second phase, judges review the submitted report and score the submissions based on a rubric.

Round 3: Presentations - The final phase of the competition is scored based on the team's live presentation of their research report.

Awards

This competition has not yet listed it's awards.

Participate

Website: www.mtfchallenge.org

Managing Organization: The Actuarial Foundation

Contact:

challenge@mtfchallenge.org

Entry Fee: $0

This competition is open to students in High School.

Deadlines

September 5, 2018 Registration Opens

November 11, 2018 Registration Closes