M6 Exposed to Risk Flashcards
Overall goal of exposed to risk module:
Estimate mortality rates from observed data.
Things that make it hard to estimate moratlity rates (2)
- Age definitions - Incomplete data
Central/Initial exposed…which do we focus on?
Central
Principle of correspondence definiton
for u=d/E Age definition should be same in both numerator and denominator
3 Age definitions possible:
- Next bday 2. Last bday 3. Nearest Bday
Rate interval defintion
Period (of one year) when someones age label remains the same.
Calculating central exposed to risk becomes harder when
we have incomplete data.
Assign Px,t to be
Number of people (age x) at risk, at time t
Trapezium approx helps us
Approximate Ecx when we only have population at census dates.
To ensure correspondance, we must sometimes…
Adjust the census data so that it matches the death data
What is a calendar year rate interval?
A rate interval that starts on a fixed date in the calendar year.
How do we estimate Ec when using a calendar year rate interval
Use the eqn from notes 6.6
Useful tip for determining the rate interval?
Find the event which causes the age label to change
Difference of timing between qhat and u hat
- qhat relates to actual age of the individual at start of period
- uhat is from the middle of the period