Estimating hazard rates using appropriate statistical distribution

  • Abstract
  • Keywords
  • References
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  • Abstract

    This research deals primarily with the hazard rate function of a class of distributions, and discusses the relation between the hazard rate function, and the density function. It was found that the Makeham-Gompertz mortality distribution and the truncated extreme value distribution had the same hazard rate function. We used the hazard rate function derived from these distributions to find the actuarial functions.

  • Keywords

    Density Function; Hazard Rate Function; Makeham Gompertz Distribution; Survival Function; Truncated Extreme Value Distribution.

  • References

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Article ID: 8358
DOI: 10.14419/ijasp.v6i1.8358

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