Macdonald, Angus S., <br/><br/>
Modelling mortality with actuarial applications / 
Angus S. Macdonald, Heriot-Watt University, Edinburgh Stephen J. Richards, Longevitas Ltd. Edinburgh, Iain D. Currie, Heriot-Watt University Edinburgh. 
 - UK  Cambridge  2018 
 - xv, 369 pages :  illustrations, charts ;  24 cm. 
 - International series on actuarial science .
 - International series on actuarial science. .
<br/><br/> Actuaries have access to a wealth of individual data in pension and insurance portfolios, but rarely use its full potential. This book will pave the way, from methods using aggregate counts to modern developments in survival analysis. Based on the fundamental concept of the hazard rate, Part I shows how and why to build statistical models, based on data at the level of the individual persons in a pension scheme or life insurance portfolio. Extensive use is made of the R statistics package. Smooth models, including regression and spline models in one and two dimensions, are covered in depth in Part II. Finally, Part III uses multiple-state models to extend survival models beyond the simple life/death setting, and includes a brief introduction to the modern counting process approach. Practising actuaries will find this book indispensable, and students will find it helpful when preparing for their professional examinations. 
<br/><br/>Includes bibliographical references (pages 355-360) and index. 
<br/><br/><label>ISBN: </label>110704541X 9781107045415 
<br/><br/><label>LCCN: </label>2017278303 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Mortality--Mathematical models.<br/>Mortality--Statistical methods.<br/>Insurance--Statistical methods.<br/>Actuarial science.<br/>Actuarial science.<br/>Insurance--Statistical methods.<br/>Mortality--Mathematical models.<br/>Mortality--Statistical methods.
<br/><br/><label>LC Class. No.: </label>HG8783  / .M33 2018 
<br/><br/><label>Dewey Class. No.: </label>368.01 MAC-A