An application of MCMC simulation in mortality projection for populations with limited data

• Main Author: Li, Jackie
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2015
• Subjects: DRNTU::Engineering::Computer science and engineering::Data
• Online Access: https://hdl.handle.net/10356/106727; http://hdl.handle.net/10220/25099
• Institution: Nanyang Technological University

In this paper, we investigate the use of Bayesian modeling and Markov chain Monte Carlo (MCMC) simulation, via the software WinBUGS, to project future mortality for populations with limited data. In particular, we adapt some extensions of the Lee-Carter method under the Bayesian framework to allow f...