Wang, Duolao; Lu, Pengjun - In: Journal of Applied Statistics 32 (2005) 9, pp. 873-885
Lee and Carter proposed in 1992 a non-linear model mxt = exp (ax + bx kt + εxt) for fitting and forecasting age-specific mortality rates at age x and time t. For the model parameter estimation, they employed the singular value decomposition method to find a least squares solution. However, the...