Goodness of fit in models for mortality data

Carlo Giovanni Camarda and María Durbán

DES - Working Papers. Statistics and Econometrics. WS from Universidad Carlos III de Madrid. Departamento de Estadística

Abstract: Mortality data on an aggregate level are characterized by very large sample sizes. For this reason, uninformative outcomes are evident in common Goodness-of-Fit measures. In this paper we propose a new measure that allows comparison of different mortality models even for large sample sizes. Particularly, we develop a measure which uses a null model specifically designed for mortality data. Several simulation studies and actual applications will demonstrate the performances of this new measure with special emphasis on demographic models and Pspline approach.

Keywords: Goodness; of; fit; P-splines; R2; Mortality (search for similar items in EconPapers)
Date: 2008-09
New Economics Papers: this item is included in nep-ecm and nep-hea
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Persistent link: https://EconPapers.repec.org/RePEc:cte:wsrepe:ws083909

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