Survival low, Mortality forecasting.

What is it about?

In order to avoid the frailty in the deterministic assumptions about the survival law, in this paper the stochastic volatility in the force of mortal- ity is considered. In particular, mortality rates are studied by means of a stochastic model of CIR type. The method for estimating its parameters is presented and an example of application, based on simulations of the pro- cess, is shown. The empirical results and the comparison with a traditional model allow to check the predictive performance and the flexibility of the model.

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