2018
DOI: 10.30958/ajs.5-3-2
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Stochastic Forecasting of Demographic Components Based on Principal Component

Abstract: Adequate forecasts of future population developments that are based on cohortcomponent methods demand an age-and sex-specific analysis; otherwise, the structure of the future population cannot be specified correctly. Age-specific demographic measures are both highly correlated and highly dimensional. Thus, a methodology that not only considers the correlations between the random variables but also reduces the effective dimensionality of the forecasting problem is needed: principal component analysis serves bot… Show more

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Cited by 9 publications
(15 citation statements)
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“…Figure 1 shows the loadings of the first PC (PC1). The loadings can be interpreted as correlations between the PCs and original variables (Vanella, 2018 ) and in this case, the logit-WASCSMRs.
Fig.
…”
Section: Methodsmentioning
confidence: 99%
See 1 more Smart Citation
“…Figure 1 shows the loadings of the first PC (PC1). The loadings can be interpreted as correlations between the PCs and original variables (Vanella, 2018 ) and in this case, the logit-WASCSMRs.
Fig.
…”
Section: Methodsmentioning
confidence: 99%
“…They simply serve as correction factors to systematic under/over-estimation of the Fourier series, which systematically underestimates mortality in winter and overestimates mortality in summer. The residuals from the quantified model are fitted by using a seasonal autoregressive integrated moving average (SARIMA) model, which is chosen by using a series of tests following Vanella ( 2018 ). Figure 3 illustrates the fit of model 3 (continuous line) to the data (dots).…”
Section: Methodsmentioning
confidence: 99%
“…Our first aim is to identify the role of the age structure of the cases in the overall CFRs, and to derive age-specific and age-standardised CFR estimates for all study countries. Based on the cumulative age-specific case numbers Nijk of the 11 European countries, we calculate age-specific CFR estimates (Vanella, 2018). Working with PCs allows us to cover indirectly simultaneous trends and sensitivities of the case numbers to the testing strategy.…”
Section: Step I: Adjustment To Demographicsmentioning
confidence: 99%
“…The principal components are derived iteratively by singular value decomposition. E.g., [32] gives a mathematical introduction to PCA; more applied recourses, among others, can be found in [33] or [34], the latter with special emphasis on forecasting in demography. PCA is the method of choice for dealing with high dimensional data and cross-correlations among the time series.…”
Section: Conceptual Approachesmentioning
confidence: 99%
“…Modern approaches apply this method to migration forecasting as well [17,35]. Nevertheless, it is essential not to blindly trust the forecast results but to also check their qualitative plausibility [34].…”
Section: Conceptual Approachesmentioning
confidence: 99%