Estimation of parameters of the Makeham distribution using the least squares method

Xinlong Feng, Guoliang He and Abdurishit,

Mathematics and Computers in Simulation (MATCOM), 2008, vol. 77, issue 1, 34-44

Abstract: The Makeham distribution has been used to describe human mortality and establish actuarial tables. The hazard function is defined by μ(t)=A+BCt, we use the least squares type estimation to estimate the parameters of Makeham distribution in this paper. Seven cases are considered, when A, B, C are known or unknown, respectively. Also, we evaluated the mean square errors of these estimators.

Keywords: Reliability; Makeham distribution; Least squares estimation; Parameter (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:matcom:v:77:y:2008:i:1:p:34-44

DOI: 10.1016/j.matcom.2007.01.009

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