Table 5 Nonpenalized measures of the forecasting ability of dynamic mortality models using the out-sample period 2007–2018
From: A simplified model for measuring longevity risk for life insurance products
Sex | Male | Female | ||||
|---|---|---|---|---|---|---|
Measure/Model | FM | LC | ILC | FM | LC | ILC |
Country | Spain | |||||
 SSE | 73.1632 | 172.6706 | 77.6777 | 40.8842 | 76.0208 | 85.0717 |
 MAE | 0.1720 | 0.2443 | 0.1808 | 0.1282 | 0.1818 | 0.2022 |
 MAPE | 0.0305 | 0.0367 | 0.0310 | 0.0226 | 0.0265 | 0.0343 |
Country | France | |||||
 SSE | 16.4626 | 35.0526 | 45.7488 | 23.1350 | 30.8491 | 63.6855 |
 MAE | 0.0822 | 0.1246 | 0.1477 | 0.0914 | 0.1225 | 0.1840 |
 MAPE | 0.0165 | 0.0211 | 0.0301 | 0.0152 | 0.0200 | 0.0356 |
Country | US | |||||
 SSE | 16.6233 | 23.6517 | 29.6518 | 11.6076 | 20.8270 | 19.8352 |
 MAE | 0.0871 | 0.1131 | 0.1276 | 0.0723 | 0.1051 | 0.0983 |
 MAPE | 0.0255 | 0.0286 | 0.0299 | 0.0176 | 0.0227 | 0.0195 |