Odhiambo, Joab; Weke, Patrick; Ngare, Philip - In: Journal of risk and financial management : JRFM 14 (2021) 6, pp. 1-12
Many actuarial science researchers on stochastic modeling and forecasting of systematic mortality risk use Cairns-Blake-Dowd (CBD) Model (2006) due to its ability to consider the cohort effects. A three-factor stochastic mortality model has three parameters that describe the mortality trends...
