STOCHASTIC DIFFERENTIAL EQUATION: AN APPLICATION TO MORTALITY DATA

Author:

Agadi Rajani P.ORCID,Talawar A. S.

Abstract

In the present paper we consider an application of stochastic differential equation to model age-specific mortalities. We use New Zealand mortality data for the period 1948–2015 to fit the model. The point predictions of mortality rates at ages 40, 60 and 80 are quite good, almost undistinguishable from the true mortality rates observed.  

Publisher

Granthaalayah Publications and Printers

Subject

Ocean Engineering

Reference10 articles.

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5. Braumann, C. A., Introduction to Stochastic Differential Equations with Applications to Modelling in Biology and Finance, John Wiley & Sons Ltd, 2019.

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