Lee-Carter model

The Lee-Carter model is a statistical tool used to predict future mortality rates by analyzing historical death data across ages and years. It identifies key patterns: overall mortality trends, age-specific differences, and how these evolve over time. By capturing these elements, the model helps demographers and policymakers forecast future mortality, aiding in planning for healthcare, pensions, and other social programs. Essentially, it breaks down complex mortality data into understandable components, making long-term predictions more accurate and informed.