Application of the affine stochastic model on Singapore mortality data.

• Main Authors: Chia, Fu Yuan., Meng, Deshuo., Zou, Deshun.
• Other Authors: Balasooriya, Uditha
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Finance::Actuarial science
• Online Access: http://hdl.handle.net/10356/10336
• Institution: Nanyang Technological University

In recent years, stochastic modeling has become a buzz word in the finance industry and the phenomenal advantages of stochastic models have attracted immense attention from researchers. Here, we fit Singapore's mortality rates to an affine stochastic state-space model. The model is fitted throu...