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Using the age- and sex-specific data of 14 developed countries, we compare the point and interval forecast accuracy and bias of ten principal component methods for forecasting mortality rates and life expectancy. The ten methods are variants and extensions of the Lee-Carter method. Based on...
Persistent link: https://www.econbiz.de/10009225984
When independence is assumed, forecasts of mortality for subpopulations are almost always divergent in the long term. We propose a method for coherent forecasting of mortality rates for two or more subpopulations, based on functional principal components models of simple and interpretable...
Persistent link: https://www.econbiz.de/10010844699
We compare the short- to medium-term accuracy of five variants or extensions of the Lee-Carter method for mortality forecasting. These include the original Lee-Carter, the Lee-Miller and Booth-Maindonald-Smith variants, and the more flexible Hyndman-Ullah and De Jong-Tickle extensions. These...
Persistent link: https://www.econbiz.de/10005700021
Persistent link: https://www.econbiz.de/10005418261
We compare the short- to medium-term accuracy of five variants or extensions of the Lee-Carter method for mortality forecasting. These include the original Lee-Carter, the Lee-Miller and Booth-Maindonald-Smith variants, and the more flexible Hyndman-Ullah and De Jong-Tickle extensions. These...
Persistent link: https://www.econbiz.de/10005087612
This paper describes the design of a dynamic microsimulation model being built as part of the DYNOPTA (Dynamic Analyses to Optimize Ageing) Project. The model aims to establish a demographic modelling infrastructure to simulate the health outcomes of Australia's baby boomer and aged cohorts and...
Persistent link: https://www.econbiz.de/10009370449
When independence is assumed, forecasts of mortality for subpopulations are almost always divergent in the long term. We propose a method for non-divergent or coherent forecasting of mortality rates for two or more subpopulations, based on functional principal components models of simple and...
Persistent link: https://www.econbiz.de/10010551685
Ethnic differentials in the timing of family formation in Fiji cannot be adequately explained by the norms, characteristics, minority group, and interaction hypotheses. The missing dimensions are socioeconomic level within ethnicity and time, including the marriage market effects of fertility...
Persistent link: https://www.econbiz.de/10008539923
Using the age- and sex-specific data of 14 developed countries, we compare the short- to medium-term accuracy of ten principal component methods for forecasting mortality rates and life expectancy. These ten methods include the Lee-Carter method and many of its variants and extensions. For...
Persistent link: https://www.econbiz.de/10008475767
Persistent link: https://www.econbiz.de/10005418072