LIFE TABLE CONSTRUCTION WITH LEE-CARTER MODEL
The Lee-Carter model, proposed in 1992, is one of the most popular methodologist for modeling mortality rates. The models is widely known to be simple and has been used very successfully in U.S., Japan, and Australia. Basically, the Lee-Carter model is a regression model. However, the independent va...
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| Format: | Theses |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/19529 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | The Lee-Carter model, proposed in 1992, is one of the most popular methodologist for modeling mortality rates. The models is widely known to be simple and has been used very successfully in U.S., Japan, and Australia. Basically, the Lee-Carter model is a regression model. However, the independent variable unknown explicitly so to find a solution of the model they approximate the parameter. They suggested singular value decomposition as an approximation. As a case study, secondary data is taken from final project in Mathematics Department of ITB. |
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