STOCHASTIC DIFFERENTIAL EQUATION: AN APPLICATION TO MORTALITY DATA
Journal: INTERNATIONAL JOURNAL OF RESEARCH -GRANTHAALAYAH (Vol.8, No. 6)Publication Date: 2020-06-30
Authors : Rajani P. Agadi; A. S. Talawar;
Page : 229-235
Keywords : Stochastic Differential Equation; Mortality; Estimation; Confidence Interval and Prediction;
Abstract
In the present paper we consider an application of stochastic differential equation to model age-specific mortalities. We use New Zealand mortality data for the period 1948–2015 to fit the model. The point predictions of mortality rates at ages 40, 60 and 80 are quite good, almost undistinguishable from the true mortality rates observed.
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Last modified: 2020-07-18 14:05:20