Estimation of parameters of the Makeham distribution using the least squares method

The Makeham distribution has been used to describe human mortality and establish actuarial tables. The hazard function is defined by μ(t)=A+BCt, we use the least squares type estimation to estimate the parameters of Makeham distribution in this paper. Seven cases are considered, when A, B, C are known or unknown, respectively. Also, we evaluated the mean square errors of these estimators.

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Year of publication:	2008
Authors:	Feng, Xinlong ; He, Guoliang ; Abdurishit
Published in:	Mathematics and Computers in Simulation (MATCOM). - Elsevier, ISSN 0378-4754. - Vol. 77.2008, 1, p. 34-44
Publisher:	Elsevier
Subject:	Reliability \| Makeham distribution \| Least squares estimation \| Parameter

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011050409