Estimating hazard rates using appropriate statistical distribution

Authors

  • Nermin Fahmy

    King Abdulaziz University

Received date: September 14, 2017

Accepted date: October 19, 2017

Published date: December 22, 2017

DOI:

https://doi.org/10.14419/ijasp.v6i1.8358

Keywords:

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

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.

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Received date: September 14, 2017

Accepted date: October 19, 2017

Published date: December 22, 2017