Thursday, May 21, 2015

Mortality and Life Expectancy Forecasting

Prof. R. D. Lee
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The Lee–Carter model is a numerical algorithm used in mortality forecasting and life expectancy forecasting. The input to the model is a matrix of age specific mortality rates ordered monotonically by time, usually with ages in columns and years in rows. The output is another forecasted matrix of mortality rates.

There are surprisingly few software packages for forecasting with the Lee-Carter Model. LCFIT is a web-based package with interactive forms. Professor Rob J. Hyndman [это главная] provides an R package for demography that includes routines for creating and forecasting a Lee-Carter Model. Professor German Rodriguez provides code for the Lee-Carter Model usingStata.

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