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The perils of parameter interpretation

With some notable exceptions, such as the Kaplan-Meier estimator, most mortality models contain parameters. In a statistical model these parameters need to be estimated, and it is a natural thing for people to want to place interpretations on those parameter estimates. However, this can be tricky, as parameters in a multi-parameter model are dependent on each other.

Written by: Stephen RichardsTags: Filter information matrix by tag: Lee-Carter, Filter information matrix by tag: parameterisation