@inproceedings{2bd0aa6dc9ae47ba9564b55c022bf750,
title = "The Cairns-Blake-Dowd model to forecast Indonesian mortality rates",
abstract = "Forecasting mortality rates has become important, especially for the pension fund and life insurance companies. If mortality rates for the next few years are known, then it will help the company to determine the amount of premiums. In this paper, the Cairns-Blake-Dowd (CBD) model will be used to forecast mortality rates of the Indonesian population. The least square method is used to estimate the parameters in the CBD model. Forecasted values of parameters in the CBD model can be obtained for the next three periods using Bivariate Random Walk with Drift. The final results show that forecasted Indonesian mortality rates for the next three periods have a downward trend.",
keywords = "Bivariate random walk with drift, Cairns-Blake-Dowd model, least square method, mortality rates",
author = "Safitri, {Y. R.} and S. Mardiyati and M. Malik",
note = "Funding Information: This research is supported by PITTA Universitas Indonesia research grant 2018. Publisher Copyright: {\textcopyright} 2019 Author(s).; 4th International Symposium on Current Progress in Mathematics and Sciences 2018, ISCPMS 2018 ; Conference date: 30-10-2018 Through 31-10-2018",
year = "2019",
month = nov,
day = "4",
doi = "10.1063/1.5132466",
language = "English",
series = "AIP Conference Proceedings",
publisher = "American Institute of Physics Inc.",
editor = "Terry Mart and Djoko Triyono and Anggraningrum, {Ivandini T.}",
booktitle = "Proceedings of the 4th International Symposium on Current Progress in Mathematics and Sciences, ISCPMS 2018",
}