Applying P-splines for mortality rates in the Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F14%3A39898367" target="_blank" >RIV/00216275:25410/14:39898367 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Applying P-splines for mortality rates in the Czech Republic
Original language description
Many important classes of liability in life insurance business are sensitive to the direction of future mortality trends. Therefore the prediction of future mortality rates is an issue of fundamental importance for insurance companies. The Lee-Carter model became one of the most applied models and it is used in different countries around the world to forecast age-specific death rates. The main goal of this paper is to apply the method of P-splines to the smoothing and forecasting of two-dimensional mortality tables for the population in the Czech Republic. We use data on males deaths and exposures for the Czech Republic from the Human Mortality Database. We write the code associated with model in R. Many models of mortality can be fitted simply and flexibly with standard statistical software. However, for actuaries the fitting of a model is usually only the first step and the main purpose is the forecasting of mortality. Forecasting is part of the R-package as well. Probability stateme
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
BB - Applied statistics, operational research
OECD FORD branch
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Result continuities
Project
<a href="/en/project/EE2.3.30.0058" target="_blank" >EE2.3.30.0058: Development of Research Teams at the University of Pardubice</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 11th International Scientific Conference European Financial Systems 2014
ISBN
978-80-210-7153-7
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
191-199
Publisher name
Masarykova univerzita
Place of publication
Brno
Event location
Lednice
Event date
Jun 12, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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