This paper considers forecasting life table, and proposes a model averaging approach to improve point and interval forecast accuracy. Illustrated by data of eleven countries, we compare point and interval forecasts among ten principal component and two random walk methods. Based on averaged...

Accurate forecasts of age-specific fertility rates are critical for government policy, planning and decision making. With the availability of Human Fertility Database (2011), we compare the empirical accuracy of the point and interval forecasts, obtained by the approach of Hyndman and Ullah...

Abstract We introduce a functional factor model to investigate the dependence of cumulative return curves of individual assets on the market and other factors. We propose a new statistical test to determine whether the dependence in two sample periods are equal. The statistical properties of the...