10 Reads
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12 Citations
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10 Reads
·
12 Citations
... This is because, over the years, 99% of researchers (such as Simon Reese [29], Siu Hang et al. [30], Lee et al. [31], Chukwu and Oladipupo [32]. who worked on the lee-Carter Model (and its extension) apply the Single Decomposition Value Method for the estimation of Lee-Carter's parameter with no justification as to why the method is most preferably used [33][34][35][36][37]. Hence, this study is designed to substantiate the unbiasedness of methods such as the Maximum Likelihood Estimation (MLE) Method, the Method of Moments (MM) and the Weighted Least Square Method (WLS) in estimating the Lee Carter parameter [38][39][40]. ...