Footings¶
A Model Building Library
Summary¶
Footings is a model building Python library. No out-of-the box models are provided. Instead it is a framework library that provides key objects and functions to help users construct custom models.
Purpose¶
The footings library was developed with the intention of making it easier to develop actuarial models in Python. Actuarial models are a mix of data engineering and math/calculations. In addition, actuarial models are ususally not defined by one calculation, but a series of calculations. So even though the original purpose is actuarial work, if the problem at hand sounds familiar, others might find this library useful.
Principles¶
The Footings library was designed as framework library using the below principles -
Models are a sequence of linked steps
Models need to be easy to understand
Models need to have validation built in
Models need to be easy to audit
Models need to be self documenting
Models need to be able to scale up
Models need to be able to build off other models
Model environments should not be monolithic
These all become easier when you can leverage the amazing Python and wider open source ecosystems as well.
For a more insights into principles see principles