Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5077073 | Insurance: Mathematics and Economics | 2012 | 14 Pages |
Abstract
⺠Current stochastic models of mortality are inadequate when trying to fit to a wider age range. ⺠The logarithm of younger mortality rates shows a less linear profile and thus requires a more flexible model. ⺠Adding a quadratic effect adequately captures this non-linear effect. ⺠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
Colin O'Hare, Youwei Li,