Forecasting Australian subnational age-specific mortality rates
Han Lin Shang,
Yang Yang
Abstract:When modeling sub-national mortality rates, it is important to incorporate any possible correlation among sub-populations to improve forecast accuracy. Moreover, forecasts at the sub-national level should aggregate consistently across the forecasts at the national level. In this study, we apply a grouped multivariate functional time series to forecast Australian regional and remote age-specific mortality rates and reconcile forecasts in a group structure using various methods. Our proposed method compares favo… Show more
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