Article ID Journal Published Year Pages File Type
5077073 Insurance: Mathematics and Economics 2012 14 Pages PDF
Abstract
► Current stochastic models of mortality are inadequate when trying to fit to a wider age range. ► The logarithm of younger mortality rates shows a less linear profile and thus requires a more flexible model. ► Adding a quadratic effect adequately captures this non-linear effect. ► The proposed 4 factor model outperforms existing models on both BIC and MAPE measures.
Related Topics
Physical Sciences and Engineering Mathematics Statistics and Probability
Authors
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