volume 2, issue 1, P129-155 1996
DOI: 10.1017/s1357321700003366
View full text
A.S. Macdonald

Abstract: ABSTRACTThis paper surveys some statistical models of survival data. A basic model of a random lifetime is defined, and censoring is introduced. Methods based on observations of small segments of lifetimes are compared. Markov and semi-Markov (multiple state) models are recommended as well-understood and flexible models well suited to actuarial data. A Poisson model is discussed as an approximation to a two state model, while traditional Binomial-type models are shown to be more restricted and less tractable t…

expand abstract