Atsuyuki, Kogure; Kenji, Kitsukawa; Yoshiyuki, Kurachi - In: Asia-Pacific Journal of Risk and Insurance 3 (2009) 2, pp. 1-22
We present a Bayesian approach to compare models for forecasting mortality rates under the framework of the Lee-Carter methodology. We consider the original normal log-bilinear formulation of the methodology as well as the recently proposed Poisson log-bilinear formulation. For each formulation,...