Schnürch, Simon; Kleinow, Torsten; Korn, Ralf - In: Risks : open access journal 9 (2021) 3, pp. 1-32
parsimonious as possible, improving the goodness of fit. We apply different clustering methods to identify suitable subgroups. Some … particular, we propose and investigate a new model with fuzzy clustering, in which each population's individual age effect is a … linear combination of a small number of age effects. Due to their good interpretability, our clustering-based models also …