The Lee-Carter model under Bayesian analysis : Markov Chain Monte Carlo simulation with WinBUGS.
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...
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Main Authors: | , , |
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Other Authors: | |
Format: | Final Year Project |
Language: | English |
Published: |
2010
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Subjects: | |
Online Access: | http://hdl.handle.net/10356/33720 |
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Institution: | Nanyang Technological University |
Language: | English |
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