ANALYTICAL MODEL CONSTRUCTION OF OPTIMAL MORTALITY INTENSITIES USING POLYNOMIAL ESTIMATION
Keywords:
polynomials, contingency, analyticity, basis, differential, mortality, modeling AMS Subject Classification: 35A20; 34K28Abstract
The aim of this paper is to describe a non-parametric technique as a means of estimating the instantaneous force of mortality which serves as the underlying concept in modeling the future lifetime. It relies heavily on the analytic properties of life table survival functions . The specific objective of the study is to estimate the force of mortality using the Taylor series expansion to a desired degree of accuracy. The estimation of the continuous death probabilities has aroused keen research interest in mortality literature on life assurance practice. However, the estimation of involves a model dependent on deep knowledge of differencing and differential equation of first order. The suggested method of approximation with limiting optimal properties is the Newton’s forward difference model. Initiating Newton’s process is an important level in terms of theoretical work which produces parallel results of great impact in the study of mortality functions. The paper starts from an assumption that function follows a polynomial of least degree and hence gives an answer to a simple model which overcomes points of singularity.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
The contents of the articles are the sole opinion of the author(s) and not of NIJOTECH.
NIJOTECH allows open access for distribution of the published articles in any media so long as whole (not part) of articles are distributed.
A copyright and statement of originality documents will need to be filled out clearly and signed prior to publication of an accepted article. The Copyright form can be downloaded from http://nijotech.com/downloads/COPYRIGHT%20FORM.pdf while the Statement of Originality is in http://nijotech.com/downloads/Statement%20of%20Originality.pdf
For articles that were developed from funded research, a clear acknowledgement of such support should be mentioned in the article with relevant references. Authors are expected to provide complete information on the sponsorship and intellectual property rights of the article together with all exceptions.
It is forbidden to publish the same research report in more than one journal.