A General procedure for constructing mortality models

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<dc:creator>Hunt, Andrew</dc:creator>
<dc:date>2014-02-03</dc:date>
<dc:description xml:lang="es">Sumario: Recently a large number of new mortality models have been proposed to analyze historic mortality rates and project them into the future. Many of these suffer from being over-parametrized or have terms added in an ad hoc manner that cannot be justified in terms of demographic significance. In addition, poor specification of a model can lead to period effects in the data being wrongly attributed to cohort effects, which results in the model making implausible projections. We present a general procedure for constructing mortality models using a combination of a toolkit of functions and expert judgment. By following the general procedure, it is possible to identify sequentially every significant demographic feature in the data and give it a parametric structural form. We demonstrate using U.K. mortality data that the general procedure produces a relatively parsimonious model that nevertheless has a good fit to the data.</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/147248.do</dc:identifier>
<dc:language>spa</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">A General procedure for constructing mortality models</dc:title>
<dc:relation xml:lang="es">En: North American actuarial journal. - Schaumburg : Society of Actuaries, 1997- = ISSN 1092-0277. - 03/02/2014 Tomo 18 Número 1 - 2014 </dc:relation>
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