The Lee-Carter model under Bayesian analysis : Markov Chain Monte Carlo simulation with WinBUGS.

• Main Authors: Tan, Chong It., Lu, Xin., Chong, Zi Kent.
• 其他作者: Li Ka Ki Jackie
• 格式: Final Year Project
• 語言: English
• 出版: 2010
• 主題: DRNTU::Business
• 在線閱讀: http://hdl.handle.net/10356/33720
• 機構: Nanyang Technological University

Mortality improvement has become a significant concern in mortality projections because it directly affects the risk in life insurance business. As such, the Lee-Carter model that uses a stochastic framework is preferred against other deterministic models because of its allowance for the associated...