2020-21 Modeling the Future Challenge

Ages:High School

Types:Submission, Presentation

Categories:Business, Coding & Computer Science, economics, Finance, General Knowledge, Mathematics, Programming Language, Science, STEM

Scope:National

Registration Opens
Sep 14, 2020 12:01am
America/Los_Angeles

Registration Closes
Nov 16, 2020 10:59pm
America/Los_Angeles

The Modeling the Future Challenge is a real-world competition for high school students combining math-modeling, data-analysis, and risk-management into one exciting challenge! To compete, students conduct their own research project modeling real-world data to analyze risks and make recommendations to companies, industry groups, governments, or organizations. This challenge tasks students to use critical thinking, mathematical reasoning, and analytical skills to help guide future decisions based on your own risk analysis! You’ll also have a shot at your part of the $60,000 award purse!

To start the challenge, students must complete a Scenario in which they are given a real-world dataset and must answer approximately 30 fundamental questions regarding statistics and mathematical modeling to make sure they have developed the skills needed to complete their own actuarial research project. For all teams passing through the scenario phase, they will define and conduct a project of their own choosing - following the Actuarial Process as a guide - and will complete a research report detailing their methodology, analysis, and recommendations. All teams in accepted into the Project Phase of the program will be connected with an actuary mentor to help guide the students through the Actuarial Process and complete their research report.

Project Reports are evaluated based on a rubric composed of the following criteria:
  • Executive summary (6 points)
  • Background information (6 points)
  • Data methodology (9 points)
  • Mathematics methodology (12 points)
  • Risk Characterization (12 points)
  • Recommendations (12 points)
  • Overall Communication (9 points)
This competition has not yet listed it's awards.

Website: https://www.mtfchallenge.org

Managing Organization: The Actuarial Foundation

Contact:
Kaitlan Holley
challenge@mtfchallenge.org

Entry Fee: $0

Eligibility:
Students in their Junior or Senior year of high school from anywhere in the United States. Students can be from formal, informal, or home-school groups.

Registration Opens
Sep 14, 2020 12:01am
America/Los_Angeles

Registration Closes
Nov 16, 2020 10:59pm
America/Los_Angeles

Overview

The Modeling the Future Challenge is a real-world competition for high school students combining math-modeling, data-analysis, and risk-management into one exciting challenge! To compete, students conduct their own research project modeling real-world data to analyze risks and make recommendations to companies, industry groups, governments, or organizations. This challenge tasks students to use critical thinking, mathematical reasoning, and analytical skills to help guide future decisions based on your own risk analysis! You’ll also have a shot at your part of the $60,000 award purse!

Process

To start the challenge, students must complete a Scenario in which they are given a real-world dataset and must answer approximately 30 fundamental questions regarding statistics and mathematical modeling to make sure they have developed the skills needed to complete their own actuarial research project. For all teams passing through the scenario phase, they will define and conduct a project of their own choosing - following the Actuarial Process as a guide - and will complete a research report detailing their methodology, analysis, and recommendations. All teams in accepted into the Project Phase of the program will be connected with an actuary mentor to help guide the students through the Actuarial Process and complete their research report.

Criteria

Project Reports are evaluated based on a rubric composed of the following criteria:
  • Executive summary (6 points)
  • Background information (6 points)
  • Data methodology (9 points)
  • Mathematics methodology (12 points)
  • Risk Characterization (12 points)
  • Recommendations (12 points)
  • Overall Communication (9 points)

Awards

This competition has not yet listed it's awards.

Participate

Website: https://www.mtfchallenge.org

Managing Organization: The Actuarial Foundation

Contact:
Kaitlan Holley
challenge@mtfchallenge.org

Entry Fee: 0

Eligibility:
Students in their Junior or Senior year of high school from anywhere in the United States. Students can be from formal, informal, or home-school groups.

Deadlines

Registration Opens
Sep 14, 2020 12:01am
America/Los_Angeles

Registration Closes
Nov 16, 2020 10:59pm
America/Los_Angeles