The Graduation and Modelling Working Party was established to review the CMI’s approach to mortality tables and projections and make broad recommendations on modelling. Working Paper 77 sets out its findings.
Alongside the report, the CMI is also releasing “beta” software that allows users to investigate various graduation techniques described in Working paper 77. The software is an Excel 97-2003 (.xls) file, but has only been tested under Excel 2010.
The first application of the software is for graduation of 2007-2010 Annuities data, described in Working paper 78.
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