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Statistical Methods with Applications to Demography and Life Insurance
book

Statistical Methods with Applications to Demography and Life Insurance

by Estate V. Khmaladze
March 2013
Intermediate to advanced content levelIntermediate to advanced
242 pages
5h 47m
English
Chapman and Hall/CRC
Content preview from Statistical Methods with Applications to Demography and Life Insurance
Lecture 16
Population dynamics
Let us first introduce the main components of our story and agree on
some notation.
The sequence
{β
i
}
i=1
denotes the times of birth for individuals with given proper-
ties/characteristics: for example, individuals with the same place of
birth, belonging to a given socio-economic group, of the same eth-
nicity, etc. For us, the sequence of times of birth is just an increasing
sequence of random variables
0 < β
1
< β
2
< ··· .
Choosing the initial moment of 0 is a matter of agreement: it could
be the moment of Adam’s creation; or it could be the year 1900, for
which β
1
is the moment of the first birth on or after the 1st of January ...
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Publisher Resources

ISBN: 9781466505742