Explanation of a New Method of Adjusting Mortality Tables, with some observations upon Mr. Makeham's modification of Gompertz's Theory
Open Access
- 1 July 1870
- journal article
- research article
- Published by Cambridge University Press (CUP) in Journal of the Institute of Actuaries and Assurance Magazine
- Vol. 15 (6) , 389-410
- https://doi.org/10.1017/s2046167400050102
Abstract
All tabular numbers drawn directly from observations, especially those appertaining to statistics, are more or less affected by unavoidable imperfections arising from defective information, insufficiency in the number of observations recorded by the experience, and other known or unknown incidental causes. When a consecutive series of tabular numbers is taken and differenced up to a certain order, the existence of the imperfections or errors alluded to, is at once revealed by the differences, which exhibit a conspicuous disturbance of their law of progression. To eradicate the errors and effect a proper adjustment of the original numbers is, however, an operation of peculiar and somewhat novel difficulty, and a critical examination of the empirical expedients, usually resorted to for such purpose, will show that instead of meeting the indispensable requirements of the problem, they only evade its most essential conditions, and thereby impregnate the results with a new series of theoretical errors, which too readily evade detection in consequence of the systematic uniformity of their law.Keywords
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