extending the logistic model for mortality forecasting and the application of mortality-linked...

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Extending the Logistic Model for Mortality Forecasting and the Application of Mortality- Linked Securities Hong-Chih, Huang Yawen, Hwang Department of Risk Management and Insurance National Chengchi University, Tiapei, Taiwan, R.O.C.

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  • Extending the Logistic Model for Mortality Forecasting and the Application of Mortality-Linked SecuritiesHong-Chih, HuangYawen, Hwang

    Department of Risk Management and InsuranceNational Chengchi University, Tiapei, Taiwan, R.O.C.

  • 1.IntroductionMortality risk is an important issueThe increasing demand for individual annuitiesThe improvement of mortality rate

    How to construct adequate mortality modelConsidering the effects of ages and yearsThe improvement trends of different ages should be different.

    How to management and hedge the mortality riskTransferring the mortality risk to the financial market by issuing mortality-linked bond

  • 1.IntroductionMortality modelExtending logistic mortality model and appling this model to fit and forecast the mortality data of Taiwan, USA, and Japan

    Mortality riskMortality-linked bond combining with collateral debt obligation

  • 2.Literature review-mortality modelGompertz(1825) Makeham(1860) Heligman&Pollard(1980) Mortality model with 8 parameters Static model, these models only consider the effect of ages

  • 2.1.Mortality modelLee-Carter(1992) Reduction Factor Model Dynamic model, these model consider the effect of age and year

  • 2.1.Mortality modelWilmoth (1993)Lee and Chou (2002)Luciano and Vigna (2005)Tzeng and Yue (2005)Dahl and Moller (2006)Cairns, Blake & Dowd (2006)

  • 2.2 Securitization of mortality riskBlake & Burrows (2001)derived the concept of longevity bond Swiss Re. (2003)issued the first mortality bond European investment bank (2004)issued the first longevity bond Cowley & Cummins(2005)show that securitization may increase a firms value Lin & Cox (2005)study and price the mortality bonds and swaps Cairns, Blake & Dowd(2006)show how to price mortality-linked financial instruments such as the EIB bond Blake et al. (2006)Introduce five types of longevity bonds

  • 2.2 Securitization of mortality riskIn this paper, we apply the extended logistic mortality model to price the longevity model. Furthermore, we introduce the structure of collateral debt obligation to the longevity model. We hope to increase the purchasing appetence of longevity bond by complicating the concept of longevity bond.Lin & Cox (2005)

  • 3.1 Logistic mortality modelsenescent death ratebackground death rateThus, this model is a dynamic model.It consider the effects of age and year. Bongaarts(2004) proposes a logistic mortality model as follows:We assume the mortality rate follows Eq(1)

  • 3.1 Logistic mortality modelWe choose the MAPE (Mean Absolute Percentage Error) to measure the efficiency of fitting and forecasting.According to Lewis (1982), the standard of MAPE is described as following table:

    MAPE

    50%

    Efficiency

    Well

    Good

    Reasonable

    Bad

  • 3.2 Data and restriction Data source:1. Taiwan: the department of statistic, ministry of interior of Taiwan (http://www.moi.gov.tw/stat/index.asp )2. USA and Japan: Human mortality database (http://www.mortality.org )Restriction:Logistic model is an increasing function which is not suitable on 0-year to 1-year old. Therefore, we fit and forecast the mortality rate of single age from 30-year to 89-year from 1982 to 2000.

  • 3.3 Numerical analysisThe fitting MAPE:Furthermore, we forecast the mortality data in 2001 for Taiwans female,the forecasting MAPE is 5.9883%.

    Taiwan

    Japan

    USA

    Male

    Female

    Male

    Female

    Male

    Female

    MAPE

    5.0468

    5.1428

    5.1354

    9.9702

    3.3052

    3.7506

  • 3.3 Numerical analysis

    Chart1

    5.64065.79544.3045

    5.06626.75464.4734

    4.86256.47384.3841

    4.9546.25664.1859

    4.9616.39194.4707

    5.38195.88524.3282

    5.29265.71364.0285

    5.32245.60553.7878

    4.78975.28653.6846

    5.09835.19573.3924

    4.84544.91332.8471

    4.52454.46082.8754

    4.49624.66652.7721

    4.67924.51642.5776

    4.90544.05982.3686

    4.61564.1151.9717

    5.61633.53182.0149

    5.58093.98752.1052

    5.25623.96352.2272

    Taiwan Male

    Japan Male

    USA Male

    year

    MAPE(%)

    MAPE(year)

    ()

    1982198319841985198619871988198919901991199219931994199519961997199819992000

    alpha6.62445.64347.28255.6544.79124.72764.71295.30725.64485.66315.03595.39775.87425.59496.02486.14215.74765.96036.8523

    beta9.25279.50379.02079.3579.60939.59959.59999.3589.26119.20089.39289.229.11259.22859.11088.98389.07879.01288.7729

    gamma0.0701410.0718830.0628610.0692580.0824860.0831110.0978130.104550.0924890.0911520.0958670.0977190.0987490.0955120.0902430.100560.101180.0885450.073271

    MAPE

    300.00176360.00176360.00164980.00169460.00171780.00171780.00168650.00162810.00177850.001680.00177220.00167250.00158470.0018170.0019240.0019240.00182310.00183240.00177240.00180570.00193070.0018010.00179290.00183440.00181180.00189070.00185420.00184590.00182840.00182840.0018090.00191430.00149270.00188670.00158060.00177490.00161790.00168435.0968

    310.00175370.00186640.00204220.00179170.00190720.00182050.00166620.00171980.00179530.00176620.00180040.00175720.00179570.00190140.00201130.00201010.00197880.00192040.00193960.00189180.00188390.00188390.0019650.00191710.00191810.00197680.00163570.00193190.00201920.00191660.00187890.00199960.00196980.00196980.00169620.00185880.00152570.00177145.4023

    320.0017860.00197920.00180480.00189860.00192890.00193290.00181390.00182040.00185480.0018610.00185040.00185040.00202810.00199440.00214910.00210460.00181590.00201690.00215470.00198610.00191490.00197490.00195740.00200780.00194970.00207110.00181280.00202630.00215150.00201320.00214260.0020930.00191930.00206070.00218430.00195050.00158940.00186655.6578

    330.00215450.00210290.00187680.0020160.00194260.00205580.00193090.00193090.00184920.00196540.00173310.0019530.00201740.00209660.00195370.00220840.0020740.00212280.00208960.00208960.00211490.00207490.00201850.00210730.0022310.00217440.00216930.00212970.00208310.0021190.00192650.0021950.00191750.00216030.0018060.00205080.00194380.00197045.675

    340.00215850.00223860.00213270.00214520.00209870.00219030.00194180.00205220.00197690.00208030.00185950.00206580.00222310.00220920.00221960.00232230.00225140.00223880.00219470.0022030.00212920.00218470.00221630.00221630.00235010.00228750.00221570.00224310.00220510.00223490.00230670.00230670.00215210.00226930.00207450.00216060.0022150.00208373.1707

    350.0022430.00238740.00220940.00228720.00231440.00233750.00227480.00218540.00199220.00220680.0023630.00219010.00234250.00233310.00246740.00244740.00237810.00236620.00213920.00232720.00218550.00230530.00223920.00233580.00248750.00241130.00231160.00236740.00251790.00236190.00236770.00242880.00254010.00238860.00220150.00228070.00219080.00220744.0966

    360.00249150.00255050.00232510.00244330.00242970.00249850.00244460.00233150.00242940.00234590.00206820.00232680.00246940.00246940.00243470.00258470.00246590.00250580.00251510.00246350.00245690.00243770.00249330.00246680.00252370.00254690.00234960.00250380.002470.00250090.0027040.00256240.00259410.00251930.0025510.0024120.00234240.00234243.4113

    370.00341660.00272940.00267340.00261490.00274140.00267470.00249010.0024920.00241040.00249910.00243640.00247720.00240040.00261940.00257260.00273540.0026740.00265890.00241630.00261280.00280770.00258310.00267840.00261040.00254930.00269550.00290140.00265320.00265310.00265310.0027530.00270850.00269660.00266230.00255580.00255580.00265240.00248974.6399

    380.0029250.00292560.00299330.00280350.0030540.00286740.00267210.00266820.00263180.00266770.00262560.00264280.00273050.00278450.00252680.00290090.00295750.00282690.00294370.00277640.00258550.00274280.00292370.00276790.00300250.00285810.00318020.00281710.00265070.00281970.00287460.00286820.00281890.00281890.00299450.0027130.0027790.00265054.7245

    390.00335760.00314070.00328230.00301090.00328060.00307820.00251310.00286150.00271850.00285320.0029030.0028250.00319470.00296610.00287390.00308250.0030110.0030110.00313590.00295580.00297070.00291810.00284160.00294050.0028180.00303620.00299670.00299670.00314390.00300220.00297740.0030430.0030130.00299030.00291390.0028850.00289730.0028264.5504

    400.00366520.00337650.00323880.00323880.00370620.00330880.00352670.00307380.00316580.00305730.002860.00302540.00313250.0031660.0033620.00328190.00341790.0032130.00279010.00315240.00359950.00311070.00329530.00312970.00344730.00323120.00313070.00319370.00317510.00320210.00343090.0032340.00330190.00317790.00328160.00307320.00308690.00301755.7321

    410.00395710.00363510.00371120.00348940.0038670.00356110.0035730.00330670.00365060.00328190.00298690.0032460.00343350.00338590.00332040.00350070.00312350.00343450.00341640.00336780.00289360.00332210.00354170.00333720.00344480.00344480.00341180.00340960.0036550.00342090.00354250.0034430.00367940.00338320.00344830.00327910.00367940.00322656.3989

    420.00415150.00391850.00404720.00376470.00389890.0038370.00406630.00356240.00384140.0035290.00445360.00348860.00339180.00362780.00429850.0037410.00347930.00367730.00368440.00360390.00380630.00355430.00349470.00356450.00387960.00367860.00367770.00364620.00361010.00366040.00387160.00367150.00381230.0036080.00387470.00350420.00367260.00345456.6446

    430.00457170.00422930.00410830.00406740.00445120.00413890.00428220.0038430.00417390.0038010.00436060.00375560.00491060.0038940.00373440.00400460.00409250.00394360.00378550.00386260.00374970.00380920.00395410.00381370.00400650.00393460.00406830.00390560.00418690.00392270.00407820.00392130.00421540.00385410.00388790.00375050.00402230.00370346.4892

    440.00499210.004570.00490070.00440.00468670.00446890.00413310.0041510.00431680.00410020.00450750.00404930.00461020.00418690.00495240.00429390.00402130.00423550.00383730.00414610.00388830.0040890.00401440.00408680.00426440.00421480.00391410.00418990.00436980.00420990.00424930.00419450.00418410.00412330.00412770.00401990.00415890.00397495.4421

    450.00494350.00494340.00529260.00476550.00519710.004830.00515860.00448890.00477520.00442930.00465450.00437240.00486450.0045090.00491330.00461140.00521850.00455560.00440540.00445670.00415760.00439620.0043460.00438610.00450750.00452170.00469440.00450160.00429620.00452420.00443120.00449320.00411580.0044180.00463930.00431450.00460030.00427115.7852

    460.00555650.00535280.00574110.00516720.00571360.00522470.00508050.00485970.00542270.00479140.00504620.00472780.00537610.00486340.00553060.00495990.00557470.00490650.00566420.0047970.00426470.00473350.00450280.00471410.00503470.00485750.00504080.00484310.00493050.00486830.004730.00481980.00519170.00474050.00503840.00463670.00478410.00459437.2937

    470.00645690.00580140.00600020.00560850.00615160.00565640.00563370.00526660.00581490.00518980.00563010.00511870.00562030.00525320.00559810.00534220.00504620.00529120.00597290.00516990.00603740.00510370.00510460.00507360.00486460.00522520.00528860.00521740.00518210.0052450.00501230.00517680.00453720.00509340.00508220.0049890.00533210.00494696.9014

    480.00644910.0062930.00653640.00609340.00638680.00612850.00617670.0057130.00581190.00562790.00607740.00554870.00611790.00568190.00616640.00576170.00606130.00571290.00569720.00557840.00603730.00551010.00613310.00546750.00542970.00562760.00548480.00562750.005660.00565720.00563390.00556710.00527410.00547960.00509410.00537430.0055210.00533154.9492

    490.00743360.00683170.00708460.00662610.00703060.00664450.00603220.00620270.00647780.00610980.00652670.00602160.00642220.00615340.00698380.0062220.00664510.0061750.00614940.00602580.00647750.0059560.00682080.0058990.00759430.00606810.00613720.00607690.00604780.00610840.00543210.00599380.0061420.00590210.00547330.00579560.00528690.00575117.0021

    500.00815980.0074220.00755910.00721120.00710470.00720870.00733710.00673990.00663970.00663970.00688330.00654150.00742120.00667190.00694220.00672690.00654810.00668150.00672980.0065160.00644420.00644550.00682110.00637180.00669550.00655010.00798350.00656930.00695850.00660220.00631820.00646010.00611250.00636440.00618190.00625620.00598230.00620874.7153

    510.00758660.00806880.00809490.00785390.00820480.00782540.00774680.00732920.00817940.00722250.00734560.00711330.00766660.0072420.00769210.00728080.00745180.00723660.00716340.00705280.00730490.00698260.00752450.00688980.00757590.00707760.00755010.00710870.00862290.00714240.00707940.00696970.00667490.00687010.00699010.00675980.00652680.00670785.3953

    520.0087960.00877720.00855960.00855960.00849940.00849940.00796630.00797540.00751620.00786320.00830940.00774180.00815990.00786880.00859220.00788830.00811660.00784480.00805860.00764060.00801280.00757190.00733980.00745710.00807880.00765470.00795080.00769960.00800090.00773360.00881660.00752670.00704810.00742330.00668750.00731030.00719190.00725214.2644

    530.00955310.00955310.00853240.00933460.0088710.0092360.00877090.0086840.00834640.00856760.00905730.00843280.00888290.00855780.00890820.00855450.00866510.00851120.00917370.00828440.0083610.00821840.00800850.00807860.00828620.00828620.00847170.00834680.00827890.00838030.00938480.00813520.00920510.00802830.00760590.0079120.00712290.00784564.6684

    540.00972180.0104030.00994810.0101850.00956510.0100410.0094610.0094610.00989690.00934190.00915030.00919230.00998220.00931520.0092010.0092850.00992810.00924120.00892350.00898920.00916420.00892770.00875910.00875910.00859350.0089770.00906450.00905560.00930520.00908780.00944270.00880020.00889760.008690.0100540.00856960.00811470.00849273.8799

    550.0100540.0113330.0107080.0111190.0106590.010920.0102080.0103130.0100920.0101930.0100030.0100270.00999790.0101470.0100190.0100860.00975460.0100410.00992320.00976070.0100520.00970560.0101170.00950430.00966090.00973250.00953480.00983180.0110940.00986160.00945280.00952660.00959850.00941360.00960990.00928820.00948680.00919833.2409

    560.0116080.0123520.0110870.0121450.0109260.0118810.0108150.0112460.0107250.0111280.0110310.0109440.0113780.0110620.0116170.0109640.011350.0109170.0107960.0106050.0105590.0105590.0108010.010320.011040.0105590.0109670.0106820.0107080.0107080.0109830.010320.0104770.0102050.00939620.0100730.0102740.00996734.0765

    570.0119080.0134670.012550.0132690.0112110.012930.0113750.012270.0115950.0121550.0116010.0119520.0120420.0120670.0119660.0119260.0128560.0118760.0123880.011530.0112490.0114940.0113030.0112130.0119920.0114620.0115390.0116120.011490.0116330.010420.0111870.0115670.011070.0110310.0109310.0108060.0108064.5693

    580.0132470.0146870.012020.0145030.0131790.0140760.0121660.0133910.0123740.0132840.0123650.0130590.0121680.013170.012540.0129810.0135220.0129250.0122940.0125410.0130240.012520.0117280.0121910.0126780.012450.0121370.012630.0132940.0126450.0121540.0121330.0119280.0120150.0122880.0118680.0120030.0117195.5153

    590.0154350.0160220.0157350.0158570.0139780.0153260.0132490.0146190.0143320.0145230.012420.0142740.0137470.0143820.0134990.0141370.013770.0140750.0130540.0136470.0141920.0136440.0133370.0132610.0146090.013530.0137440.0137440.0134880.013750.0130630.0131660.0127480.0130480.012730.0128920.0123770.0127144.0973

    600.0157480.0174830.0178070.0173410.0159380.0166920.0138530.0159640.0143980.0158840.0145360.0156080.0151970.0157130.0140650.0154020.0149050.0153320.0148580.0148580.0165030.0148760.0151580.0144310.0152930.0147110.0154380.0149640.0146950.0149590.014510.0142940.0151390.0141770.0140090.0140090.0130370.0137995.4784

    610.0176080.019080.0185660.0189680.0183550.0181810.0165060.0174370.0156710.0173780.0158370.0170730.0160770.0171740.0148990.0167890.01560.0167080.015330.0161810.0156590.0162250.0153750.0157110.0159710.0160.017030.0162970.0162850.0162790.0165210.0155250.0148690.015410.0149640.0152290.0139150.0149795.1262

    620.0195070.0208250.0188220.0207510.0188770.0198070.01980.0190490.0174440.0190170.0165190.018680.0172040.0187770.0183060.0183060.0168250.0182130.0169430.0176280.0178820.0177040.0168880.0171120.0170290.0174090.0173460.0177550.0184380.0177210.0168790.0168680.0171730.0167570.0166690.0165610.0164930.0162664.4514

    630.0211730.0227330.0209090.0227040.0192680.0215790.0202230.0208140.0201330.0208160.0193180.0204430.0186960.0205350.0185660.0199680.0186340.0198590.0187870.019210.0191230.0193230.0184850.0186420.0192140.0189470.0200610.019350.0194570.0192960.0179860.0183330.017850.0182270.0184050.0180140.0170110.0176664.4195

    640.0255210.0248180.0241830.0248430.0225140.0235120.0218760.0227440.0231690.0227880.0221480.0223770.019840.0224630.0193310.0217850.0212530.0216580.0200340.0209380.0193940.0210950.0203930.0203160.019520.0206270.0206770.0210920.0215410.0210150.019990.0199310.0191380.0198320.0192610.0195990.0199310.019194.0827

    650.0257770.0270940.0277590.0271850.0250870.0256180.0242250.0248550.0232580.0249490.024750.0244960.0243630.0245770.0230080.0237740.0217250.0236240.0201710.0228260.0215730.0230340.0209130.0221440.0214920.0224610.0207640.0229960.0229330.0228910.0216740.0216740.0219560.0215840.0208840.0213280.0199930.0208484.3408

    660.0289890.0295790.0290710.0297470.0280730.0279120.027620.0271620.0273180.0273180.0242750.0268190.0256770.0268930.0256610.0259480.0244340.0257720.0230840.0248870.0231550.0251550.0233590.0241410.0224660.0244610.0235990.0250760.0219560.0249380.0225690.0235730.0240880.0234950.0233050.0232130.0226530.0226524.4325

    670.0330660.032290.0315560.0325490.0293950.0304110.031060.0296830.0280620.0299120.0273720.0293620.0267050.029430.0280850.0283240.0273350.0281180.0257190.0271370.025040.0274750.0248920.0263210.0255520.0266430.025820.0273460.0242330.0271710.0254030.0256410.0241560.025580.0259080.0252680.0240030.0246145.0681

    680.0359150.0352460.0373920.0356120.0331310.0331310.0340010.0324360.0332240.0327530.0321470.0321470.0303080.0322070.0299570.030920.0295460.0306780.0287580.0295920.0285760.030010.0261040.0287010.0278330.0290230.0268050.0298240.0270390.0296040.0268980.0278950.0257080.0278520.0265110.0275060.027230.0267464.5486

    690.0411140.0384680.0387530.0389580.0363070.0360910.0351520.0354420.0378460.035860.0354420.0351940.0340070.0352450.0344180.0337550.0317610.0334710.0311120.0322690.0308930.032780.0293960.0312980.0296470.0316150.0300820.0325260.0296650.0322560.0279920.0303480.0286830.0303280.0278960.0299440.0281570.0290644.726

    700.037370.0419780.0471420.042610.0414540.0393090.0434420.038720.0396960.0392580.0381520.0385250.0371240.0385680.0366890.0368490.0358280.0365170.0333990.0351880.035180.0358050.033630.0341290.0318250.034440.0319650.0354730.0321170.0351450.0315040.0330180.0313090.0330250.0307030.0325970.0305370.0315825.4438

    710.0466370.0457990.0403020.0465950.047430.0428070.0448030.0422950.0473370.0429710.0424150.0421660.04220.04220.0412420.0402230.0417740.0398360.0390050.0383670.0376390.0391060.0356670.0372150.0352970.0375150.036560.0386850.0334540.0382890.0338250.0359220.0337860.0359610.0328880.0354850.0318780.0343156.0142

    720.0504020.0499560.0508050.0509390.0425140.0466050.0523760.046190.048080.0470260.0484110.0461420.0485190.0461660.0450220.0439020.0466790.0434510.0414810.041830.0414730.0427060.039380.0405770.0389590.0408610.0402380.0421820.0396010.041710.0362090.0390790.0354710.0391550.0366180.0386250.0349460.0372825.0572

    730.0514790.0544740.0534290.0556710.0550360.0507280.0482520.0504310.0572360.051450.0518940.0504810.0538580.0504930.0514680.0479090.0479170.0473860.0467220.0455970.0472560.0466290.0419530.0442360.0427060.0444990.0451090.0459880.0435880.0454290.0413730.0425090.036920.0426290.0380090.0420380.0380450.04055.488

    740.0638030.0593810.0577860.060820.0576690.0551990.0573250.0550450.0517640.0562720.0609870.0552110.0583390.0552110.0587810.0522710.0576630.0516650.0520530.0496930.0518180.0509020.0490070.0482170.045820.0484530.0457910.0501270.0486930.049470.0463080.0462340.04340.0464050.0411870.0457450.0420480.0439895.9447

    750.0636160.0647060.0683440.0664190.0598770.0600450.0600480.0600590.0649720.0615260.0551340.0603640.0673290.0603510.0630890.0570150.0626270.0563160.0568210.0541440.0542830.0555520.0560070.0525440.0505510.0527480.0546260.0546260.0500520.0538570.049910.0502760.0505060.0505060.0497690.0497690.0444160.0477694.3763

    760.0727550.0704770.0740930.0724990.0708760.0652910.0653950.0655050.0666340.0672410.0669290.0659710.0610990.0659450.0726110.0621690.0700040.0613660.0644820.0589760.0622490.0606080.0635660.0572440.0591670.0574070.0570280.0595110.0578480.0586170.0505080.0546590.0532450.0549550.052060.0541340.0509030.0518615.1263

    770.0755020.0767270.0824210.0790940.0797770.0709660.0791160.0714130.0735450.0734540.0727240.0720670.0727220.0720260.0667270.0677660.0784930.0668450.0735140.0642180.072080.06610.0663010.0623450.0644410.0624590.0659140.0648110.0639320.0637760.0580280.0594080.0565860.0597810.0573350.0588650.0579480.0562884.7515

    780.0786660.0834870.086240.086240.0838120.0770980.0808410.0778150.0887640.0801980.0747440.0786850.0790830.0786290.0776320.0738340.0685170.0727820.0841390.0698980.0770470.0720590.0733050.0678760.0715790.0679310.0712680.0705540.0700730.0693630.0624840.0645480.0659620.0650080.0592520.0639880.06150.0610755.0446

    790.0943510.090790.0975370.0939710.0881230.0837170.0894330.0847440.0836910.0875090.0861010.0858620.0868360.0857890.0810810.0804080.0802640.0792080.0693390.0760470.089110.0785180.0815490.0738660.0826620.0738530.0801380.0767730.0752050.0754060.0737410.0701090.0711170.0706670.0699720.0695310.0640150.0662464.297

    800.0959540.0986670.105790.102320.0915310.0908530.0961240.0922330.0980190.0954250.0932770.0936350.103160.0935440.0870340.087520.0941880.0861570.0879640.0826960.077850.085510.0928730.0803470.086470.0802530.0936840.0834980.0864410.0819370.0792850.0761160.0811910.0767850.0779390.0755220.0718260.0718265.1287

    810.11340.107150.109410.111330.10470.0985360.100970.100320.0975950.103980.107190.102040.107990.101930.10080.0952040.0970180.0936610.0966830.0898770.0962540.093070.0771240.0873510.102590.0871640.0919750.0907610.0984640.0889860.0831510.08260.0839480.0833930.0844080.0819910.0787350.0778424.9832

    820.117650.116280.121890.121030.115550.10680.112510.109030.120170.113220.111110.111110.119650.110980.101960.103490.101750.101750.097990.0976210.101270.101230.097230.094910.0896880.0946160.105470.0985950.106480.0965840.0983250.089590.097220.0905210.0922640.0889660.0941370.0843214.2607

    830.138330.126080.137820.131460.114050.115670.116730.118410.120730.123170.118740.120890.123810.120740.109130.112430.108210.110460.117710.105960.112820.110030.103060.103060.103840.102640.0968830.107030.118710.104760.109550.0971170.113620.0982010.102490.096480.096260.0912915.2376

    840.12420.136580.15930.142650.1210.125170.125930.128480.135290.133860.12260.131410.12440.131230.128850.122030.122390.119830.113080.114930.128430.11950.108260.111820.109560.111270.122950.116110.099040.113550.125880.105210.119390.106460.123630.104560.11110.098787.0758

    850.149560.147820.145990.154620.147510.135350.134460.139270.146890.145340.130850.142690.140630.14250.131630.132340.125380.129880.124560.124560.128760.129670.129330.121240.131440.120530.132260.125850.132180.122990.105390.11390.128440.115340.122140.113240.122680.106825.2643

    860.182540.159810.186450.167410.153160.146210.1580.150830.151160.157630.150410.154790.153050.154570.147380.143390.140760.140640.137410.134880.138290.140570.132610.131340.130620.130460.137040.136290.142810.133090.146060.123210.111920.124860.140140.122550.129110.115435.5259

    870.178550.172580.184560.181030.157360.15780.16650.163160.172080.170760.168360.167710.169980.167470.15520.15520.140330.152150.130270.145920.155150.152240.139480.142160.141080.141080.151520.147460.149430.14390.133180.133180.147540.135050.120180.132510.145460.124643.8847

    880.177640.186160.197040.19550.169950.170120.174590.17630.174880.184750.188420.181490.181220.181220.198460.16780.164430.164430.158290.157710.156620.16470.162770.153710.157030.152430.162520.159380.184240.155430.151350.143830.151780.145940.160460.143160.128450.134484.5951

    890.200540.200540.210460.210840.18290.18320.168840.190260.199610.199610.197490.196130.212420.195840.171270.181210.175970.177490.15610.170260.177970.177970.140610.166030.169580.164510.16210.172070.162240.167710.167290.155190.154160.157560.172960.154520.160780.144985.1467

    MAPE5.64065.06624.86254.9544.9615.38195.29265.32244.78975.09834.84544.52454.49624.67924.90544.61565.61635.58095.2562

    MAPE5.0468

    ()

    1982198319841985198619871988198919901991199219931994199519961997199819992000

    alpha1.86211.72831.65941.63661.41361.30521.28331.07611.15371.13591.05630.986861.05120.895910.933520.892180.928240.865250.76322

    beta10.57510.71110.65210.65110.85210.92710.99511.16411.00810.98911.111.12110.97911.23711.15811.13411.04811.13511.21

    gamma0.0330970.0292330.0382980.0381950.0390590.041550.0402750.0481030.0464830.0438930.0430140.0442870.0422680.0463110.0455020.0417730.0387910.0461410.046035

    MAPE

    300.000931920.000775260.000755540.000721860.00078810.00078810.000710410.000781460.000830070.000757050.000804890.000761610.000818470.000750030.000817950.00078740.00077830.00077830.000714250.000745790.000723160.000725180.000733470.000720210.000745440.000705860.000795180.000723810.000540780.000720360.00066950.00066950.000589810.000643190.000690280.00070560.000465770.000680678.8916

    310.000614970.000824790.00077040.00077040.000980250.000833610.000839760.000826350.000728690.000799040.000801560.000801560.000735520.000790380.000727970.000823580.000739670.000814770.000816910.000781420.000766680.000759810.000917160.000752820.000640630.000738710.000698740.00075480.000684440.000751680.000640140.000699140.000667790.0006730.000637760.000734350.000683910.000706799.2568

    320.00084480.000879840.000781730.000824420.000703590.000884230.000918380.000876270.000954580.000845840.000992890.000846120.000923160.000835410.000843280.000864020.00081130.000855480.000821180.000821180.000700260.00079850.000789270.000789270.000746940.000775370.00078850.000789480.000720520.000786680.000636310.000732270.000696390.000706290.000729660.000766490.000771960.000736027.2001

    330.000852690.000941030.000782430.000884550.000832270.000940540.00093180.00093180.00093350.0008980.000745920.000895820.000873280.000885670.00100210.000909230.000970750.000900920.000765350.000865570.000841720.000841720.000750170.000829990.000785320.000816280.000809970.000828280.000948530.000825820.000714910.00076930.000767330.000743470.000822030.000802410.000768710.000768717.0617

    340.00113760.0010090.000906530.000951460.000803680.00100320.000981990.000993560.000884810.000956130.00098630.000951250.000942260.000941760.000973630.000959780.00103960.000951640.000920940.00091510.000987750.000890020.000863850.000875510.000851320.000861940.000881150.000871690.000873570.000869580.000861490.000810690.000770980.000784990.000767530.000842560.00071730.000805275.6959

    350.00106080.00108460.000986620.00102590.00113440.00107280.00090740.00106230.000995290.00102090.00100460.00101310.0010270.00100440.00104280.00101630.00113760.00100830.00097370.000970380.000960730.000943980.000907610.000926370.000996980.000912890.00108660.000920250.00090410.000918490.000879080.000856950.000762730.000831360.000890940.000887430.000788770.000846175.1022

    360.00116860.00116860.00110420.00110880.00118690.00115030.00121930.00113870.0011160.00109310.000946550.0010820.00100820.00107420.00101560.00107950.000943390.00107150.00096560.00103210.00103620.00100430.000967410.000983210.000880530.000969750.000892830.000974590.000913110.000973170.000883080.000908660.000939910.000883140.00102420.000937580.000917330.000891925.8169

    370.00160070.0012620.00130130.0012010.00120580.00123650.00111510.00122360.00113880.00117360.00116860.00115890.00115220.00115220.00115010.00115010.00109260.0011420.0011840.00110090.00103720.00107160.00116950.00104670.00103320.00103320.00103540.00103540.00106380.00103430.00101940.000966450.00108150.000940950.0010860.000993640.000973730.000943095.4208

    380.00144090.00136570.00148690.00130360.00127860.00133230.00130780.00131810.00116230.00126320.00109480.00124470.00107990.00123930.00109460.00122910.00130820.00122080.00125430.00117780.0011140.00114690.0010730.00111770.00118250.0011040.00113230.00110340.00124110.00110260.00116630.0010310.00114580.00100550.00103520.00105630.000894430.00100037.8913

    390.00169150.0014810.00176880.00141790.0014720.00143890.00149320.00142330.00136320.00136320.00150680.00134040.00126520.00133640.00153030.00131740.00133120.00130860.00144830.00126350.00111340.0012310.00123610.0011970.00127330.0011830.00110730.00117950.0013310.0011790.00124760.00110320.00131970.00107760.00110980.00112630.00115230.00106438.5289

    400.00164880.00160910.00157590.0015450.00144740.00155750.00142580.00154020.00131670.00147450.00134080.0014470.00115720.00144480.00150480.0014160.00154570.00140670.00121940.00135920.00135010.00132490.00122020.00128570.0013630.00127120.00115770.00126460.00133260.00126440.00109580.00118390.00120830.00115810.00131060.00120460.0012120.00113597.6836

    410.00169060.00175150.00190830.00168640.00175360.00168930.0017770.00167020.00184510.00159860.00134670.0015660.00131620.00156570.00143090.00152640.00150360.00151620.00134010.0014660.00126870.00142980.00156450.00138470.001380.00136950.00144420.00135980.00133090.00135990.00138490.0012740.00129130.0012480.0012920.0012920.0013020.0012167.4392

    420.00191540.00190970.00207740.00184370.00182460.00183590.00190580.00181480.00179450.00173690.00179260.00169870.00147910.00170070.00164510.00164970.00162530.00163850.00151960.00158520.0017630.00154710.00148720.00149540.00176160.00147930.00147780.00146640.00157290.00146660.00134370.00137480.00153520.00134840.00140290.00138980.00154250.00130565.9425

    430.00217310.00208550.0019620.00201880.00238630.00199890.00197550.00197550.00179830.0018910.00190390.00184660.00197020.00185140.00161350.00178750.00181420.00177490.00149180.00171810.00151080.0016780.00176380.0016190.00144510.00160180.00185460.00158550.00159430.00158590.00164730.00148740.00156080.00146050.00152640.0014990.0014510.00140576.9309

    440.0023640.00228080.00226310.00221370.00226960.00218020.00215370.00215430.00237030.00206270.002210.00201160.00203550.00201940.00194160.00194160.00168910.00192710.00176630.00186650.00187790.00182430.00179980.00175720.00157110.00173840.00181110.00171880.00176220.00171920.00184690.00161320.00159880.00158560.00176380.00162110.00163520.00151775.491

    450.00260760.00249790.00285780.00243040.00242660.00238190.00242030.00235310.00242950.0022540.00225990.00219560.0022610.0022070.00218460.00211380.00230070.0020970.00197040.00203210.00190780.00198770.00195820.00191150.00195010.00189090.00213420.0018680.00186820.00186820.00208470.00175380.0016350.00172540.00208970.00175750.00190580.0016436.5597

    460.00287440.0027390.00283710.00267160.00274190.0026060.00251930.00257420.00245610.00246720.00223850.00240070.00261340.00241630.00245830.00230630.00228650.00228650.00262410.00221680.00225460.00217030.00207080.0020840.0020930.0020610.00232430.00203480.001930.00203480.00183950.0019110.00185460.00188140.0020.00190990.0017320.00178314.8005

    470.00323690.00300690.00331690.00293990.00314090.00285530.0029050.002820.00273890.00270460.00262940.00262940.00281360.00264980.00273570.00252150.0025360.00249810.00275640.00242290.0030290.00237420.00238410.00227670.00227590.00225080.00214760.00222140.00249750.0022210.00210430.00208650.00203360.00205550.00223450.00208020.00209140.00193986.1477

    480.00321880.00330450.00349550.00323830.00342160.00313240.00342220.00309330.00339420.00296920.00292030.00288440.00293450.00291020.00328150.00276190.00254320.00273420.00271280.00265280.00291180.00260190.00310630.0024920.00241930.00246250.00232830.002430.00231930.0024290.00254050.00228270.0023950.002250.00213710.00227050.00236230.0021157.4967

    490.00363640.00363510.00371080.00357030.00363280.00344050.00319470.00339710.00326390.00326390.00335960.00316870.00335150.00320080.00319880.00303060.00312230.00299760.00310490.00290930.00294840.00285620.00324320.00273240.00332950.00269870.0025190.00266340.00280640.00266150.00239620.00250190.00258860.00246710.00245210.00248320.00231090.00231095.2778

    500.00448960.00400230.00402830.00393950.00326230.00378290.00385940.00373490.0041140.00359220.00352130.00348570.00385660.0035250.00357280.00333090.00338350.00329150.00333880.00319550.00328850.00314030.0030010.0030010.00331990.00296210.00330250.00292440.00320480.00292140.0025640.00274680.002850.00270940.00274560.00272080.00245810.002536.3045

    510.00439920.00441010.00448340.00435020.00416360.00416360.00425570.00411030.00403080.00395790.0037460.0038390.00415560.00388660.00365090.00366640.00361340.00361940.00399050.00351470.00353770.00345750.00321290.00330110.00357930.0032560.00345160.00321630.00366910.00321170.00322210.00302040.00288410.00297990.0030750.00298620.00310510.00277494.5443

    520.00507670.00486310.00484510.00480690.00490230.00458680.00443230.00452760.0039440.00436520.0042080.00423270.00440650.004290.0040930.00404130.00426080.00398520.00412640.00387070.00344030.00381170.00399740.00363620.00357250.00358370.00345560.00354280.00368330.00353610.0035860.0033260.00316660.00328180.00316950.00328270.00320220.00304884.5966

    530.00523690.00536610.0047890.00531480.0047860.00505710.0052330.00499140.00480520.00481870.00463950.00467160.00483390.00473980.00410690.00446010.00425650.00439330.00385680.00426780.0043750.00420710.00426620.00401050.0046650.00394930.00398220.00390770.00386590.00389860.00408050.00366750.00424130.00361870.00350410.0036140.00325220.00335495.6898

    540.00619540.00592460.00572910.00587950.00572160.00557970.00490350.00550680.00534750.00532380.00558490.00516070.00524140.00524140.00496290.00492790.00455240.00484840.00488750.00471070.00464870.00464870.00463770.00442840.00402450.00435690.00446260.00431580.00482860.00430350.00413510.00404880.00399480.00399480.00448030.0039840.00322550.00369715.019

    550.00614810.00654470.00631650.00650720.00681680.00616040.00615330.00607960.00550950.00588610.00565160.00570580.00572180.00580070.00543250.00545060.00528390.0053560.00520450.00520450.00541260.00514160.00536160.00489520.00477230.00481150.00494870.0047720.00529910.00475590.00455360.00447470.00458320.00441450.00471010.00439730.00481520.00407974.5709

    560.00697460.00723310.00712350.0072050.00671130.00680560.00710810.00671590.00591790.00651220.00561050.0063130.00644920.00642430.0055960.00603420.00569570.00592210.00590930.00575510.00537740.00569180.00571620.00541620.00588480.00531830.0052180.00528190.00512990.00526120.00506420.00495040.0049540.00488270.00453110.00485880.00506540.00450735.0304

    570.00754410.00799710.00714710.00798050.00745090.00752240.00703040.00742280.00716890.00720910.0068850.00698950.00632230.00711940.0063990.00668610.00607810.00655330.00579870.0063690.00636790.00630590.00609430.0059980.00606840.00588330.00626330.00585190.00561620.00582550.00560910.00548150.00540450.00540510.00549640.00537420.0050190.00498524.3217

    580.00883970.00884490.00894420.00884230.00823420.00831840.00811150.00820790.00714470.00798470.00772080.0077430.0071920.00789410.00668940.00741380.00742420.0072570.00622750.00705320.00627990.00699110.00636840.00664730.00634540.00651310.00664740.00648890.00656010.00645560.00602190.00607450.00588640.0059880.00676820.00594960.00600430.00551925.0872

    590.00994140.00978570.00979980.00979980.00885530.00920250.00911180.00907990.00873870.00884790.00823650.00858220.00845250.00875750.00770730.00822630.00779180.00804140.00752080.00781580.00692370.00775570.00745490.00737210.00721510.00721510.00687290.00720060.00708580.00715920.00638780.00673650.00655240.00663810.00622130.0065920.00642340.00611593.4314

    600.0106070.0108290.0105740.0108630.0101810.0101840.00986340.0100480.00952530.00980810.00882920.00951660.00890830.00971950.00871740.00913320.00892520.00891560.00783860.00866570.00874990.00860870.00815860.00818080.00804790.00799740.00816640.00799580.00805310.00794470.00747550.00747550.00740370.00736310.00673590.00730920.00636240.00678253.3494

    610.0106640.0119870.0117880.0120440.0115230.0112740.0102530.0111230.0102620.0108760.0106270.0105570.010090.0107910.00992490.0101450.00915320.00988980.0100130.00961250.00881930.00956010.0089520.00908310.00860380.0088690.00812620.00888410.00927860.00882140.00821820.00830020.00811450.00817160.00874430.00810950.00730010.00752714.8608

    620.0137350.013270.0113770.0133560.0123080.0124830.0135720.0123160.0118560.0120640.0118140.0117150.0114480.0119840.0112180.0112740.00991540.0109750.0104070.0106670.00988750.0106210.0099780.010090.00973240.00983990.00987610.00987610.00964120.00979990.00928350.00922040.00904250.0090730.00911050.00900260.00802840.00835883.6861

    630.0144280.0146930.0134880.0148110.0124320.0138250.0135570.0136390.0146880.0133850.0126870.0130030.0128120.0133130.0112540.0125340.0120280.0121840.0109950.0118420.0109420.0118040.0103450.0112120.0101310.0109210.0109660.0109840.0103170.0108910.00958150.0102470.0108760.0100780.0102060.0099990.00879690.00928745.8297

    640.0160330.0162690.0153190.0164260.0146510.0153130.0138880.0151070.0148360.0148530.0141730.0144360.0150330.0147920.014080.0139380.0130620.013530.0133030.0131490.0129990.0131220.0121090.0124640.0119120.0121250.0118760.012220.0113030.0121090.0106440.0113920.0104810.0111970.0106560.011110.0108050.0103243.6626

    650.0178350.0180160.0175990.0182180.0166580.0169630.0164030.0167350.01570.0164840.0160340.0160290.0156130.0164370.0157050.0155040.0156650.0150280.0141830.0146050.0139410.0145910.0134030.0138590.0129850.0134660.0126220.01360.0128620.0134670.0128550.0126690.0124870.0124450.011430.012350.0114530.0114813.2265

    660.0198690.0199490.0194280.0202040.0184710.0187920.0178220.018540.018520.0182950.0174150.0178010.0177270.0182680.0177820.0172480.0168140.0166950.0155130.0162240.0149930.0162270.0152780.0154130.0141140.0149570.0149030.0151390.0146040.0149810.0140230.0140920.014350.0138340.0130770.0137310.0122890.0127733.0124

    670.0216050.022090.0226570.0224050.0201850.0208190.020540.0205390.0203120.0203070.020040.019770.0196940.0203020.0194170.0191910.0191340.018550.0174020.0180260.0166370.0180490.0165550.0171440.0158340.0166170.0160230.0168560.0154950.0166680.0148040.0156780.0160230.0153820.0152710.0152710.0132950.0142133.4383

    680.025350.0244590.0254940.0248440.0263740.0230640.024070.0227540.0225430.0225390.0225870.0219560.0227340.0225640.0210370.0213550.0215780.0206120.0201910.0200280.0207930.0200770.0176810.0190720.0178730.0184620.0185490.018770.0164550.0185470.017290.0174440.0165310.0171040.0159970.0169870.0164640.0158194.0733

    690.0285580.0270780.0276940.0275440.027020.0255490.0270410.0252060.0273030.0250160.0255140.0243840.0246760.0250760.0248250.0237630.0224050.0229040.0217520.0222540.0221630.0223330.0211770.0212180.0188980.0205140.0200080.0209020.0194720.0206390.0188750.0194110.0186480.019020.0182510.0188970.0171270.017613.8085

    700.028860.0299740.0303560.0305320.0290330.0282990.0298090.027920.028740.0277610.0281580.0270780.0291730.0278650.0288060.0264420.0258920.025450.0232120.0247260.0243070.0248410.0231550.0236050.0231520.0227930.023110.0232770.0202090.0229680.020160.0216010.0193040.0211520.0202750.0210240.0194110.0196054.3665

    710.0331360.0331720.0303910.0338360.0328350.031340.0333560.030920.0329360.0308030.0336310.0300650.0309190.0309590.0308390.0294190.0309460.0282760.0277720.0274710.0268390.0276290.0263820.0262590.025190.0253240.0249560.0259220.0237660.0255590.0223230.0240370.0229060.0235210.0223420.023390.0216960.0218284.5182

    720.0354150.0367020.0373830.0374880.0339210.03470.0371650.0342360.0351410.0341710.0349590.0333760.0376410.0343890.0317970.0327270.0331710.0314120.0318180.0305170.0315820.0307250.0278160.0292080.0295410.0281340.0292090.0288630.027570.028440.0245840.0267450.0245060.0261540.0262490.0260220.0242830.0243023.9796

    730.0405950.0405950.0417750.041520.0389430.038410.0376860.0378990.0415910.0378980.0404940.0370420.0412840.038190.0406660.0363980.0376730.034890.0369750.0338940.0370680.0341620.0335990.0324840.0291210.0312510.0325670.0321330.031640.031640.0297930.0297550.027770.0290770.0280850.0289470.0256170.0270554.5774

    740.0451230.0448870.0459170.0459680.0384380.0425040.041890.041940.0420180.0420180.0439520.0410990.0445270.0423970.0433990.0404710.0418110.0387430.040.0376350.0395440.0379730.0363580.0361180.0347370.0347060.0346280.0357670.0362140.0351940.0313970.0330980.0308090.0323220.0321950.0321950.0282380.0301163.7057

    750.0513840.0496120.0505330.0508710.0481330.0470180.0459650.0463960.0470320.0465690.0461390.0455850.0506640.047050.0495190.0449840.0498220.0430070.0461070.0417770.0439890.0421970.0422920.0401470.0431090.0385320.0386650.03980.037770.0391360.0355580.0368070.0363510.035920.0343420.0358010.0318940.0335174.6984

    760.0550010.054810.0573630.0562690.0555050.0519890.0495410.0513050.0521620.0515910.0503040.0505390.0522790.0521910.0549890.049980.0558970.0477240.0538340.0463580.0510620.0468720.0442990.0446110.044840.0427680.0456980.0442730.0427210.0435060.0408860.0409190.0398460.0399060.0385490.0397990.0380.0372943.964

    770.0611990.0605210.0655750.0622060.0596330.0574580.0591070.0567060.0570010.0571270.0526240.0560040.0599970.0578640.0566270.0555040.0635980.0529350.0580210.051420.0592320.0520430.0538720.0495520.0492270.0474510.0513740.0492290.0486470.0483440.0454420.0454740.0410480.044320.0424560.044230.0391360.0414845.3193

    780.0626060.0667890.0700520.0687270.0658790.0634680.0657560.0626420.068690.0632220.0620280.0620280.063440.0641160.0623570.0616060.0619410.0586860.0650630.0570070.0643590.0577550.0612050.0550130.0577180.0526230.0564030.0547140.0556630.0536970.0515520.0505140.0466150.0492020.0448480.0491340.0460890.0461285.1458

    790.0741760.0736580.075880.075880.0695930.0700650.0691580.0691580.0711680.0699230.0714040.0686560.0674110.0709980.0635730.0683350.0683740.0650230.0627960.0631650.0732340.0640570.0654030.0610420.0661990.058330.0642420.0607760.061130.059610.059640.0560860.0545950.0545950.0524060.0545560.051270.051273.9107

    800.0809790.0811760.0871090.0837130.0776960.0772940.0777160.0763020.0841520.0772810.0793950.0759410.0831780.0785620.0782320.0757460.0691570.0719980.0730150.0699450.0715580.0709990.0753610.0676910.0690070.0646190.0733320.0674680.073680.0661340.0644190.0622370.0630960.0605460.0612850.0605450.0570190.0569574.2285

    810.0931570.0893910.0912830.0922760.086170.0852060.0828280.084120.0842810.0853450.0911340.0839330.0899980.086860.0872190.0838940.0771690.0796640.0774380.0773970.0807530.0786360.0725580.0750110.0803780.0715390.077310.0748440.078180.0733220.0738730.0690190.0684680.0671050.0680640.0671490.0632840.0632373.3654

    820.0917730.0983520.114050.101620.0952320.0938480.0991420.0926630.0930740.094170.086040.0926870.0959480.0959480.0928360.0928360.0895540.0880720.0868820.0855750.0859180.0870220.0847520.0830580.0753310.0791420.0885510.0829590.0851620.0812290.0850890.0764840.078650.0743220.0726560.0744230.0722040.0701654.1189

    830.111620.108110.116660.11180.106560.103270.0994340.101980.110790.103810.0972570.102260.106520.105880.0999680.102630.0987680.097280.0934850.0945340.0951430.0962140.094320.0918860.087370.0874820.0862080.0918730.10120.0899120.0894020.0846870.0907910.0822520.0852590.082420.0764160.0777943.7717

    840.113780.118710.139010.122860.107190.113530.115610.112120.11140.114310.12020.11270.112720.116710.105240.113330.107340.107340.105830.104330.114150.106270.101840.101550.0949120.0966130.106110.101640.0933270.0994270.0983360.0936870.102880.0909490.0985320.0911980.0946020.0861815.1989

    850.13140.13020.139170.134860.126140.124670.119970.123140.124090.125730.117890.124060.136360.12850.109070.1250.107490.118310.115010.115010.115370.117240.117650.112120.109430.106590.112330.112330.11150.109830.101780.103540.110580.100470.110120.100810.10370.0953844.3475

    860.154050.142620.1550.147830.136480.136730.14420.135080.134270.138120.135520.136390.145420.141290.138840.137690.126560.130250.125040.126640.134760.129190.121560.123640.119110.117470.1270.123990.122390.121180.118370.11430.113480.110870.116870.111320.110180.105462.9088

    870.156020.156020.170640.161810.144350.149770.143720.147990.158860.151520.134110.149750.14940.155130.144260.151450.141770.14320.123160.139270.135070.142160.136160.136160.12930.12930.13910.136680.133540.133540.126030.126030.129390.12220.131290.122780.124340.116474.0225

    880.162760.170440.16910.176850.161630.163810.152920.16190.158080.165980.165720.164170.156090.170060.155360.166320.147540.15720.135910.152930.147230.156210.144520.149740.164890.142140.147090.150450.151050.146950.146360.138780.134520.134520.144980.135250.128790.128475.1678

    890.197390.185890.179030.192960.17890.17890.186110.176850.168040.181520.166940.179690.180970.186120.166350.182350.172210.172310.155120.167680.171370.171370.152620.164420.146830.156020.153850.165340.16120.161460.159570.152590.14760.147880.154340.148770.160320.141515.0731

    MAPE4.70175.20735.09494.32594.86235.04435.17135.37485.17446.07015.59884.59695.60444.63665.60495.09484.62694.90596.0168

    MAPE5.1428

    1982198319841985198619871988198919901991199219931994199519961997199819992000

    alpha6.62445.64347.28255.6544.79124.72764.71295.30725.64485.66315.03595.39775.87425.59496.02486.14215.74765.96036.8523

    beta9.25279.50379.02079.3579.60939.59959.59999.3589.26119.20089.39289.229.11259.22859.11088.98389.07879.01288.7729175.67550009.2460789474

    gamma0.0701410.0718830.0628610.0692580.0824860.0831110.0978130.104550.0924890.0911520.0958670.0977190.0987490.0955120.0902430.100560.101180.0885450.073271

    alpha1.86211.72831.65941.63661.41361.30521.28331.07611.15371.13591.05630.986861.05120.895910.933520.892180.928240.865250.76322

    beta10.57510.71110.65210.65110.85210.92710.99511.16411.00810.98911.111.12110.97911.23711.15811.13411.04811.13511.21208.646000010.9813684211

    gamma0.0330970.0292330.0382980.0381950.0390590.041550.0402750.0481030.0464830.0438930.0430140.0442870.0422680.0463110.0455020.0417730.0387910.0461410.046035

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    male

    female

    year

    10^(-5)

    alpha

    MAPE

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    male

    female

    year

    10^(-2)

    beta

    beta

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    male

    female

    year

    10^(-2)

    gamma

    ()

    1982198319841985198619871988198919901991199219931994199519961997199819992000

    MAPE5.64065.06624.86254.9544.9615.38195.29265.32244.78975.09834.84544.52454.49624.67924.90544.61565.61635.58095.2562

    MAPE4.70175.20735.09494.32594.86235.04435.17135.37485.17446.07015.59884.59695.60444.63665.60495.09484.62694.90596.0168

    MAPEMAPE

    305.09688.8916

    315.40239.2568

    325.65787.2001

    335.6757.0617

    343.17075.6959

    354.09665.1022

    363.41135.8169

    374.63995.4208

    384.72457.8913

    394.55048.5289

    405.73217.6836

    416.39897.4392

    426.64465.9425

    436.48926.9309

    445.44215.491

    455.78526.5597

    467.29374.8005

    476.90146.1477

    484.94927.4967

    497.00215.2778

    504.71536.3045

    515.39534.5443

    524.26444.5966

    534.66845.6898

    543.87995.019

    553.24094.5709

    564.07655.0304

    574.56934.3217

    585.51535.0872

    594.09733.4314

    605.47843.3494

    615.12624.8608

    624.45143.6861

    634.41955.8297

    644.08273.6626

    654.34083.2265

    664.43253.0124

    675.06813.4383

    684.54864.0733

    694.7263.8085

    705.44384.3665

    716.01424.5182

    725.05723.9796

    735.4884.5774

    745.94473.7057

    754.37634.6984

    765.12633.964

    774.75155.3193

    785.04465.1458

    794.2973.9107

    805.12874.2285

    814.98323.3654

    824.26074.1189

    835.23763.7717

    847.07585.1989

    855.26434.3475

    865.52592.9088

    873.88474.0225

    884.59515.1678

    895.14675.0731

    ()

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    male

    female

    year

    MAPE

    MAPE(year)

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    male

    female

    age

    MAPE(%)

    MAPE(age)

    (year)

    1.38551.42761.31941.30781.29481.25861.29761.21231.18031.14081.14841.09081.04991.06531.06170.996740.97550.956380.91184

    0.0529960.0360880.049770.0446380.0437170.0422980.0398170.0445590.0445830.0438190.0413620.0423080.0422970.0416230.0402430.0400040.0374340.0432490.042705

    6.65046.82896.21646.15016.2386.05316.12245.77215.71575.4635.59695.28135.32095.53335.47185.12545.05735.06434.8787

    0.0697720.0551670.0816070.0629970.0653010.0679310.0724780.0998060.0911060.0980610.089790.099310.110740.0963660.0981440.115570.112420.105280.1085

    (year)

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    (age)

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    Japan Male

    total0123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100

    9010963917118043146342135136128292154971154853156362154829157281153016151838159745149190164133148688145423163680175771181675191628197011195525199883194536186558202872175781173128172714174154179454184741185816185302176880190914188676191654194914192064189700187791187007181107172623178191173748165273159304155783158807133458124482109550968187901271497834218544084362852468580182341768207609671290704796729962812606085954956443530524992646058439203920435254317053044428175230641931416958153261215010795949679956673499638062877200314951083788507346230646

    479846967458483027413117151925193323445662928181846688937188647886100971311291361501481841932242322142592842773063503253303813733993813593313354184364955335716416547087468248619029541008115112001202131413401392128413831409154115351430133513141324116212471140111993780664150542232125618012610668125

    Japan Female

    T123456789101112131415161718192021222324252627282930

    payment0000000000000009.563520.72433.66948.59165.69285.176107.25192.47272.91348.35418.62483.57543.09597.12645.67

    indexindex*1.1realindex*1.4

    10.99321.092520.99461.3904800

    20.985941.0845340.988971.38031600

    30.978171.0759870.983091.36943800

    40.969831.0668130.9771.35776200

    50.960871.0569570.970711.34521800

    60.951231.0463530.964241.33172200

    70.940841.0349240.957611.31717600

    80.929631.0225930.950861.30148200

    90.917531.0092830.944011.28454200

    100.904450.9948950.93711.2662300

    110.890310.9793410.930161.24643400

    120.875030.9625330.923231.22504200

    130.858520.9443720.916341.20192800

    140.840680.9247480.909541.17695200

    150.821440.9035840.902861.15001600

    160.80070.880770.896331.120980.01556155599.9999999991.56E+05

    170.778380.8562180.889991.0897320.033772337719.9999999993.38E+05

    180.754430.8298730.883871.0562020.0539975399705.40E+05

    190.728770.8016470.877991.0202780.076343763429.9999999997.63E+05

    200.701380.7715180.872390.9819320.10087210087201.01E+06

    210.672230.7394530.867070.9411220.12761712761701.28E+06

    220.641340.7054740.862050.8978760.15657615657601.57E+06

    230.608750.6696250.857360.852250.18773518773502.44E+06

    240.574560.6320160.852980.8043840.22982422982402.30E+06

    250.538890.5927790.848930.7544460.21555621555602.16E+06

    260.501920.5521120.845210.7026880.20076820076802.01E+06

    270.46390.510290.84180.649460.1855618556001.86E+06

    280.425130.4676430.83870.5951820.17005217005201.70E+06

    290.385950.4245450.83590.540330.1543815438001.54E+06

    300.346770.3814470.833370.4854780.13870813870801.39E+06

    USA Male

    Year1982198319841985198619871988198919901991199219931994199519961997199819992000Total

    Taiwan MaleMAPE5.64065.06624.86254.9544.9615.38195.29265.32244.78975.09834.84544.52454.49624.67924.90544.61565.61635.58095.25625.0468

    Taiwan FemaleMAPE4.70175.20735.09494.32594.86235.04435.17135.37485.17446.07015.59884.59695.60444.63665.60495.09484.62694.90596.01685.1428

    Japan MaleMAPE5.79546.75466.47386.25666.39195.88525.71365.60555.28655.19574.91334.46084.66654.51644.05984.1153.53183.98753.96355.1354

    Japan FemaleMAPE8.03529.00629.46279.471610.6110.46210.74710.6810.06810.31710.2489.90269.825910.0669.836210.12210.11410.04110.4179.9702

    USA MaleMAPE4.30454.47344.38414.18594.47074.32824.02853.78783.68463.39242.84712.87542.77212.57762.36861.97172.01492.10522.22723.3052

    USA FemaleMAPE4.18944.54383.94994.69584.15494.41394.39894.12614.06563.99643.45233.47773.09663.12762.84182.90593.10213.32953.39273.7506

    USA Male

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    Japan Male

    Japan Female

    year

    MAPE(%)

    MAPE(year)

    USA Female

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    USA Male

    USA Female

    year

    MAPE(%)

    MAPE(year)

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    000

    Taiwan Male

    Japan Male

    USA Male

    year

    MAPE(%)

    MAPE(year)

    Taiwan MaleTaiwan FemaleJapan MaleJapan FemaleUSA MaleUSA Female

    MAPEMAPEMAPEMAPEMAPEMAPE

    305.09688.89166.999711.4159.26045.0556

    315.40239.25684.44898.88546.91054.2045

    325.65787.20012.99479.48926.51282.615

    335.6757.06172.67616.68715.6471.987

    343.17075.69593.72915.20281.45481.524

    354.09665.10222.96242.93242.31242.21

    363.41135.81694.06774.3771.34922.6344

    374.63995.42083.80356.56732.1274.4896

    384.72457.89133.50054.14513.34723.7433

    394.55048.52894.74554.81845.91586.4027

    405.73217.68364.18336.99255.66914.1912

    416.39897.43923.44318.25816.25534.4148

    426.64465.94252.961510.325.17892.6516

    436.48926.93093.3411.9286.51513.8022

    445.44215.4914.145412.6068.32824.3063

    455.78526.55974.683212.3586.6083.5936

    467.29374.80055.18612.7035.57352.1335

    476.90146.14775.785913.2365.26741.8193

    484.94927.49675.855813.672.88193.6154

    497.00215.27787.184214.4267.04752.5885

    504.71536.30457.058213.4544.81742.7503

    515.39534.54437.553612.3432.63224.2608

    524.26444.59667.669610.3812.05734.7597

    534.66845.68986.71598.20471.87394.0631

    543.87995.0195.73255.62312.40652.477

    553.24094.57096.03314.77932.35172.6688

    564.07655.03044.70672.11952.3343.3052

    574.56934.32174.04662.2891.55222.4331

    585.51535.08724.45343.5745.54415.9209

    594.09733.43144.15824.792.24312.4003

    605.47843.34944.38396.26744.3642.8552

    615.12624.86084.91767.73064.55644.1062

    624.45143.68615.41518.99776.34375.0385

    634.41955.82975.413410.1854.20542.9669

    644.08273.66266.438311.3082.71981.2225

    654.34083.22657.210512.5363.26411.392

    664.43253.01247.371612.7562.46661.6468

    675.06813.43838.129813.721.86212.36

    684.54864.07338.576113.173.16791.7413

    694.7263.80858.763412.9511.79663.8936

    705.44384.36659.037412.7041.97733.5889

    716.01424.51829.174611.0751.56723.6962

    725.05723.97968.377810.4491.92192.1715

    735.4884.57747.52788.3161.81342.6029

    745.94473.70576.30825.98191.36955.0286

    754.37634.69845.73853.64011.50155.0468

    765.12633.9644.55011.39871.48594.2835

    774.75155.31933.57611.91.71954.6291

    785.04465.14582.06613.4071.90464.4201

    794.2973.91071.50886.61522.20343.5364

    805.12874.22851.55528.89511.59632.3201

    814.98323.36542.11311.4271.14461.4164

    824.26074.11893.32213.7741.2011.4175

    835.23763.77173.581915.5641.34682.9294

    847.07585.19894.100417.4021.12514.2664

    855.26434.34754.339618.9221.22155.6186

    865.52592.90884.771920.4561.11827.387

    873.88474.02254.962421.8081.23438.9049

    884.59515.16785.117922.7361.78859.8127

    895.14675.07314.951923.5432.35311.712

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    Japan Male

    Japan Female

    age

    MAPE(%)

    MAPE(age)

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    00

    USA Male

    USA Female

    age

    MAPE(%)

    MAPE(age)

    1982198319841985198619871988198919901991199219931994199519961997199819992000

    alpha2.30252.85123.18072.57242.80262.25772.16252.10972.12482.19972.34282.33322.19412.13822.16782.08692.19112.08552.1568

    beta10.43210.1719.973410.23310.07510.32110.39910.37310.38210.3210.21710.19810.22610.2810.17910.20910.13210.18810.07

    gamma0.0356060.0282980.0186910.0256210.0169380.0256730.0237310.0234650.0229350.0191140.0168130.0140570.0189470.0205710.022640.0235950.0273810.0319890.03019

    MAPE

    300.000940.000882190.001030.000885530.000820.000820290.000810.000810.000810.000744720.000810.000755770.000740.000726610.000780.000708330.00080.00070770.000760.000677190.000770.000670090.000720.000637620.000740.000660860.000810.000672650.00070.000685570.00070.000682070.000750.000731460.00080.000762830.000750.000744126.9997

    310.000940.000940.000950.000950.000960.000886670.000770.000869630.000760.000805660.000810.000810.000770.00078020.000790.000760070.000760.000760.000730.000730.000770.000724050.000730.000690950.00080.000711590.000760.000723190.000810.000734740.000730.000730.000840.000780230.000820.00081030.000860.000790954.4489

    320.000970.00100420.0010.00102140.000960.000960.000920.000935680.000840.000873060.000850.000870120.000850.000839660.000850.000817470.000830.000818020.000820.000788540.000810.000783820.000750.000750.00080.000767770.000830.000779180.000820.000789180.000840.000783070.000820.00083420.00090.000862870.000870.000842732.9947

    330.001050.00107540.001050.00110040.001030.0010410.001010.00100880.001030.000947580.000970.000936760.000860.000905620.000830.000881130.000890.000882370.000820.000853440.000850.000850.000810.000815380.000830.000830.000810.000841240.000850.000849440.000820.000841850.000930.000893920.000890.000921070.00090.00092.6761

    340.001120.00115440.001120.00118780.001050.00113050.001070.00108990.001030.001030.000980.00101060.000960.000978810.000880.000951740.00090.000953760.000930.000925390.000860.000923290.000930.000887780.000850.000898920.000910.000910.000830.000916150.000920.000906930.000960.000960.000980.00098550.000940.000963323.7291

    350.001190.00124210.001220.00128460.001240.00122940.001180.00117960.001120.00112110.001030.00109250.001060.001060.0010.00103010.000990.00103290.000930.00100510.000940.00100450.000930.000967930.000980.000975240.000990.00098620.000990.000990.000920.0009790.000990.00103310.001070.00105680.001030.00103332.9624

    360.00120.00133940.001380.00139170.001310.00133860.001270.0012790.001210.00122190.001140.00118330.001120.00115010.001060.00111690.001070.00112080.001120.00109360.001010.00109430.001080.00105670.001050.00105980.001050.00107060.001060.00107170.000980.00105880.001090.0011140.001070.00113580.0010.00111084.0677

    370.001410.00144740.001270.00151020.001460.00145920.001350.00138910.001340.00133330.001260.0012840.001250.001250.001130.00121320.00120.00121820.001150.00119160.001150.00119390.001140.00115490.001060.00115340.001130.00116420.00110.00116220.001160.00114720.001210.00120350.001160.00122320.001160.00119643.8035

    380.001640.00156730.001650.00164150.001480.00159240.001530.0015110.001450.00145660.001380.00139550.001370.00136090.001230.00132010.001250.00132630.001230.00130020.001280.00130410.001230.00126370.001150.00125710.001230.00126790.001180.00126240.001180.0012450.001290.00130260.001320.001320.001280.00129113.5005

    390.001710.00170030.001930.00178670.00170.00173960.001450.0016460.001660.00159280.001570.00151920.001470.00148380.001440.00143860.00140.00144610.001330.00142060.001340.00142610.001370.00138410.001290.00137190.001240.00138270.001370.00137330.001240.00135330.00130.00141210.00140.00142710.001360.00139584.7455

    400.00210.00184780.002040.00194740.002060.00190220.001870.00179550.001660.00174340.001780.00165620.001580.00162020.001570.001570.001580.00157910.001510.00155410.001540.00156130.001510.00151750.001450.0014990.001510.001510.001370.0014960.001350.00147330.001490.00153340.00150.00154570.001450.00151154.1833

    410.002050.00201160.002190.00212530.002110.00208170.002080.00196110.001910.001910.001690.00180820.001870.00177160.001690.00171570.001710.00172650.001650.0017020.001650.00171090.001570.00166510.001620.00163980.001560.0016510.001560.00163190.001490.00160610.001660.00166750.001620.0016770.00160.00163953.4431

    420.002380.00219330.002440.00232220.002390.002280.002130.00214450.002230.00209410.001990.00197650.001870.00193940.002010.00187740.001890.001890.001850.0018660.001890.00187660.001790.00182840.001780.00179570.001760.00180730.001720.00178220.00170.00175320.001750.00181590.001780.00182240.00180.0017812.9615

    430.002330.00239490.002540.002540.002580.00249910.002450.00234750.002320.00229770.002310.00216320.002260.00212560.001990.00205660.002190.00207130.002150.00204770.002060.002060.002040.00200930.001890.00196840.001950.00198040.00190.00194860.001840.0019160.001910.001980.001980.00198320.001780.00193743.34

    440.002860.00261850.002810.0027810.002840.00274090.002720.00257230.002670.00252280.002370.002370.002510.00233210.002360.00225530.002020.00227240.002480.00224910.002290.00226310.002280.00220950.002260.00215950.002160.00217210.002130.00213280.002030.00209620.00220.00216160.002260.00216130.002170.00211044.1454

    450.003240.00286670.003240.00304780.003060.0030080.002830.00282120.0030.00277160.002840.00259920.002670.00256110.002820.00247570.00250.00249540.002320.00247240.002660.00248790.002560.00243110.002460.00237120.00250.00238460.002420.00233670.002320.00229580.002380.00236250.002420.00235840.002370.00230164.6832

    460.003710.0031420.003490.00334290.003390.0033030.003190.00309680.00320.00304660.002980.00285320.003020.00281510.002720.002720.002980.00274270.00280.00271970.002480.00273680.003030.00267640.002750.00260550.002730.00261990.002650.00256220.002580.00251670.002670.00258470.002750.00257650.002520.0025135.186

    470.004050.00344730.00410.00366940.00380.00362870.003830.00340190.003430.00335060.003260.00313470.003250.00309680.003150.00299090.003050.00301690.003270.00299380.00310.00301230.002860.00294790.003080.0028650.003140.00288060.002920.00281190.00290.00276120.002960.00283040.002980.00281790.002860.00274675.7859

    480.004510.0037860.004450.00403060.004150.00398830.003960.00373970.003910.00368670.003410.00344660.00350.00340920.003420.00329120.00350.00332090.003390.00329760.003570.00331730.003330.00324840.002990.00315220.003540.00316940.003310.00308810.003170.00303190.003340.00310230.003290.0030850.003180.0030055.8558

    490.005030.00416170.004980.00443020.004690.00438530.004620.00411360.004280.0040580.004140.00379220.003630.00375550.003680.00362420.003780.0036580.003770.00363410.003760.00365490.003870.00358090.003670.00347010.00320.00348920.003780.00339380.003610.00333140.003690.00340290.00370.00338070.003510.00329067.1842

    500.005490.00457840.005620.00487220.005380.00482350.004930.00452750.004850.00446840.004330.00417510.004510.00413960.004020.00399330.004080.00403160.004130.00400690.004130.00402860.00410.00394880.004190.00382210.003950.00384340.003710.00373190.004150.0036630.004220.00373550.004180.00370780.003940.00360627.0582

    510.005840.00504050.006140.0053610.006020.00530730.00570.00498550.005530.0049220.005110.00459930.004740.00456540.004760.00440240.004190.00444590.004420.004420.004510.00444210.004530.00435590.004290.00421160.004830.00423570.004360.00410610.004030.004030.004620.00410320.004520.00406980.00430.0039557.5536

    520.006320.00555290.006710.00590170.006460.00584130.006470.00549240.006120.00542310.005660.00506910.005440.00503740.00520.00485580.005150.0049050.004730.00487760.004890.00489960.004970.00480640.005010.00464280.004770.00467010.00490.004520.004830.00443610.00450.00450980.005140.00447030.004880.00434047.6696

    530.006860.0061210.006810.00649950.007010.00643060.006760.00605330.006760.00597670.006370.00558960.006210.00556060.005780.00535830.005520.00541380.005440.00538440.005140.00540590.005270.00530470.005170.00511990.005470.00515110.005210.00497790.005390.00488550.005370.00495930.004930.00491340.005580.00476646.7159

    540.007090.00675080.007570.00716050.007550.00708090.007430.0066740.007380.00658830.007180.00616590.006840.00614050.006370.00591510.006230.00597770.006090.00594570.006030.00596610.005680.0058560.005660.00564790.005730.00568360.005680.00548430.005610.00538260.006120.00545640.005930.00540350.005170.0052375.7325

    550.007870.00744890.008130.00789130.008130.00779840.007770.00736060.007810.00726390.00790.00680420.007650.00678320.007340.00653210.007060.00660260.006910.00656730.006680.00658580.006730.00646570.005950.0062320.006450.00627320.006230.00604440.006260.00593270.006060.00600580.006810.00594560.006240.00575716.0331

    560.008480.00822260.008790.00869910.008590.008590.008850.00812010.008240.00800990.008340.00751090.008280.00749530.008050.00721560.008040.00729490.007460.00725550.007590.00727120.007140.007140.007020.00687830.006730.00692570.006820.00666380.006750.00654120.00690.00661310.006750.00654520.00710.00633154.7067

    570.009080.009080.009320.00959180.009130.00946310.008960.008960.009190.00883380.00890.00829320.009280.00828430.008870.00797270.008760.00806180.00830.00801750.008320.00802930.008340.00788560.007560.00759320.007810.00764790.006850.00734860.007190.00721420.007460.00728440.007560.00720820.007060.00696614.0466

    580.009610.010030.010060.0105780.009930.0104260.009530.00988880.009430.00974340.009670.00915920.009560.00915830.009670.00881120.009560.00891120.00970.00886090.009190.00886760.009040.008710.008630.00838380.008380.0084470.008270.00810570.007420.00795840.008080.00802610.008150.00794130.008150.00766694.4534

    590.010590.0110820.010830.0116680.010530.0114880.010580.0109160.010430.0107480.010150.0101180.010490.0101260.010210.00973970.010290.00985190.010380.00979430.010590.00979440.010050.00962130.009460.00925810.009690.00933120.008690.00894260.009110.00878140.008350.00884570.008880.00875180.008570.00844094.1582

    600.011480.0122470.011440.0128710.011590.0126580.011310.0120510.011190.0118560.011090.0111780.011050.0111980.011180.0107680.011350.0108930.011390.0108270.011360.0108190.011230.0106280.010750.0102250.010550.0103090.010070.00986750.009580.00969120.00980.0097510.009170.00964760.009430.00929544.3839

    610.012450.0135380.012510.0142010.012490.0139480.01240.0133050.011870.0130780.0120.0123510.0120.0123850.011730.0119060.012440.0120460.012110.011970.012360.0119510.012310.0117410.012050.0112930.01180.0113910.011390.0108890.010810.0106970.010730.0107510.010590.0106380.009630.0102394.9176

    620.013860.0149660.01370.0156680.013450.0153690.012980.0146910.013010.0144270.012780.0136480.013440.0136980.012720.0131650.013120.0133220.013340.0132340.013290.0132020.013790.0129710.013160.0124740.013320.0125870.012680.0120190.012160.0118080.011840.0118550.011490.0117320.011280.011285.4151

    630.015540.0165460.015270.0172870.014520.0169350.01440.0162210.013940.0159150.014170.0150830.014190.0151510.014110.0145580.014280.0147330.014250.0146310.014710.0145840.014420.0143290.014520.0137790.014330.0139090.014020.0132660.013170.0130360.013050.0130740.012940.012940.012260.0124295.4134

    640.016660.0182940.016440.0190730.016790.0186590.015510.0179110.015330.0175550.015290.0166680.015110.0167580.015210.0160980.015450.0162950.015220.0161760.01570.016110.016260.0158280.015220.015220.015760.0153710.015240.0146430.014960.0143930.014420.014420.014090.0142750.013850.0136976.4383

    650.018460.0202280.018060.0210430.017810.0205570.017790.0197760.016670.0193620.016620.018420.016210.0185360.016570.0178020.016460.0180210.016640.0178820.016890.0177950.017160.0174830.017120.0168110.016690.0169850.016720.0161630.016020.015890.016220.0159050.015780.0157480.014870.0150957.2105

    660.020780.0223640.02040.0232150.019720.0226450.018940.0218340.01930.0213530.017870.0203550.017930.02050.017810.0196840.018420.0199290.0180.0197680.018650.0196540.018220.0193090.017980.0185680.018930.0187680.017840.017840.017880.0175440.017620.0175430.017770.0173740.016460.0166367.3716

    670.023120.0247250.022570.0256080.02170.0249420.020940.0241030.020810.0235460.019980.0224920.019810.0226710.019580.0217650.01940.0220370.01960.021850.020020.0217050.020250.0213240.019350.0205070.019770.0207370.019780.0196910.019050.0193690.019220.0193490.019140.0191690.018320.0183368.1298

    680.025540.0273320.024890.0282440.024150.0274680.023510.0266050.022740.025960.021850.024850.022670.0250680.021670.0240620.021540.0243650.021760.0241480.022080.0239660.022170.0235450.021410.0226450.021460.0229090.02060.0217310.021140.0213820.020720.021340.020690.0211480.019650.0202088.5761

    690.027750.030210.02740.0311450.026380.0302430.027150.0293620.025150.0286160.024290.0274510.02440.0277150.024480.0265970.023530.0269350.023850.0266840.023970.0264590.023940.0259920.023220.0250030.023880.0253060.022940.0239810.022640.0236020.023240.0235340.022730.0233310.022160.0222718.7634

    700.031280.0333840.030840.0343370.029460.0332910.028780.0323970.02810.0315370.027240.0303180.027290.0306350.026150.0293950.026770.029770.025840.0294790.026330.0292050.026150.0286890.025490.0276020.026520.0279480.025540.0264590.024390.0260480.02490.0259510.025180.0257360.023720.0245429.0374

    710.035640.0368830.034590.0378460.033010.0366360.031770.0357370.03120.0347470.030250.0334780.030390.0338540.029360.0324790.029070.0328970.029280.032560.028480.0322280.028790.0316570.027710.0304640.028810.0308590.02710.0291880.027160.0287440.026880.0286110.026670.0283850.026270.0270429.1746

    720.039030.0407370.038780.0417020.036730.0403050.035920.0394110.034810.0382720.032810.0369580.034120.0374010.033450.0358780.032820.0363410.031790.0359530.032580.0355550.031280.0349230.031060.0336150.031550.0340660.030180.0321920.030290.0317110.029690.0315380.029960.0313020.028240.0297918.3778

    730.043910.0449780.043030.0459340.041220.0443270.041330.0434470.03830.0421410.037170.0407860.037940.0413060.036240.039620.036770.0401340.036070.0396870.035520.0392130.035980.0385140.033790.0370810.034530.0375950.033340.0354970.032550.0349770.032810.0347570.033290.0345110.031410.0328147.5278

    740.048940.0496430.04970.0505760.047310.0487320.046010.047880.043290.0463850.041140.0449960.042340.0456020.040840.0437380.041030.0443070.039760.0437940.039820.0432320.038830.0424590.038660.0408910.038930.0414760.036980.0391290.035390.0385680.035820.0382940.036270.0380390.034970.0361356.3082

    750.055390.0547670.054680.0556620.052070.0535510.051140.0527420.048830.0510340.046580.049620.047130.0503250.04510.0482640.045310.0488950.044470.0483060.044290.0476450.043650.046790.041770.0450770.044180.0457420.040080.0431180.039940.0425140.038910.0421790.040.0419160.037770.0397815.7385

    760.060010.060390.061230.061230.058820.058820.058070.058070.05410.0561240.05230.0546940.052310.055510.049880.0532360.051130.0539330.049660.0532580.04940.0524850.049590.0515410.046870.0496710.047170.0504240.045380.0474970.043850.0468470.043210.0464410.043620.0461730.042080.0437824.5501

    770.068410.0665540.066080.0673180.066430.0645730.06550.0639030.060720.061690.058870.0602580.059420.0611980.056730.058690.055870.059460.055430.058690.05530.0577880.054630.0567470.052340.0547080.053690.0555610.049660.0522980.05150.0515990.048730.0511130.04890.0508420.046020.0481683.5761

    780.074590.0733020.074980.0739660.070440.0708490.072490.0702810.067770.067770.066350.066350.067430.067430.064520.0646670.063510.0655170.061310.0646390.061190.0635940.060890.0624460.059640.0602260.059610.0611890.057110.0575570.053850.0568080.054780.0562310.055290.0559580.051190.0529722.0661

    790.083280.0806780.082610.0812170.080680.0776850.077210.0772450.076530.0744040.073160.0730130.07480.0742480.071210.071210.072610.0721450.069790.0711480.06840.069940.068230.0686760.065620.0662630.0670.0673480.062150.0633130.062510.062510.059160.0618310.061560.061560.056530.0582291.5088

    800.091280.0887290.091130.0891130.088250.0851230.088690.0848390.082980.0816310.084030.080290.082970.0816980.078710.0783620.079390.079390.078260.078260.076870.076870.075480.075480.072860.072860.072980.0740810.069320.0696030.068650.0687450.066370.067950.066570.0676850.065610.0639761.5552

    810.100780.0975020.102350.0976970.098980.0932020.095750.0931060.09380.0894940.088770.0882260.095160.0898260.087940.0861670.088830.0872960.086150.0860180.085870.0844260.084030.0828990.079370.080060.081430.081430.076470.076470.077030.0755540.074630.074630.076860.0743750.070250.070252.113

    820.112260.107040.112560.107010.108070.101960.107690.102090.102390.0980360.099640.0968670.100910.0986770.101620.0946720.09820.095910.096080.0944690.094540.0926510.095480.0909770.089750.0879050.091750.089440.082970.0839550.08220.082980.083330.0819110.08450.0816710.080410.0770923.322

    830.118280.11740.124440.117110.121110.111450.115880.111840.113330.10730.109270.106260.113390.10830.105450.103920.111890.105280.106020.103660.105730.101590.105360.0997580.100830.096440.102780.0981550.092640.0921020.092250.0910660.089870.0898370.093840.0896160.087440.0845423.5819

    840.13410.128620.13240.128020.133170.12170.129770.122390.123670.117320.119850.116440.123040.118740.117530.113970.117780.115450.121630.113630.116870.111290.112570.109290.110540.105710.113310.107620.103910.100950.102130.0998570.099110.0984490.102640.0982550.098620.0926434.1004

    850.140890.140740.147880.139780.140190.132760.142540.13380.137350.128150.131360.127470.136730.130040.130580.124850.134010.126460.127610.124430.131260.121790.126560.11960.121950.115760.12360.117880.115670.110560.113450.10940.109950.107790.111930.107630.103670.101444.3396

    860.155570.153810.155950.152450.156450.144650.149440.146090.149090.139820.144810.139370.149460.142240.146050.136610.144040.138360.141820.13610.142070.133130.143420.130750.135720.126630.137810.128980.127420.120950.124720.119730.120740.117910.122860.117790.116180.110974.7719

    870.165780.167860.173160.166040.164920.157420.168050.15930.158890.152370.159750.15220.166120.155390.155380.14930.159120.151190.154890.148680.154150.145360.148420.142780.15230.138360.150950.140960.139520.132180.13840.130890.134250.128840.138240.128770.12650.121274.9624

    880.182910.182910.18690.180590.183370.171090.179810.173470.177010.165830.167370.165980.180460.169510.169740.162940.172880.164980.170210.162210.168780.15850.169160.155710.158860.1510.171220.153860.150230.144280.150990.142930.148040.140620.1520.140610.141190.13245.1179

    890.199070.198990.201910.196110.195740.185690.195170.188620.188610.180230.189480.180750.19240.184640.189340.177570.189070.179770.185470.176710.18420.17260.180470.169580.172550.164560.176590.167710.171140.157290.164780.155880.160980.15330.164210.153350.155050.144374.9519

    MAPE5.79546.75466.47386.25666.39195.88525.71365.60555.28655.19574.91334.46084.66654.51644.05984.1153.53183.98753.9635

    MAPE5.1354

    1982198319841985198619871988198919901991199219931994199519961997199819992000

    alpha0.464760.471860.450510.423110.605680.744160.77950.92920.688130.795420.726830.625920.642810.615440.613030.705850.957990.714210.89285

    beta11.87311.81911.81311.87311.27510.93110.87710.52910.92210.70210.81211.03510.88910.97210.8710.64810.17110.59810.169

    gamma0.0446820.0469190.0408660.0396280.0350740.0262830.0249240.0216780.0283130.0222810.0237310.0252320.0252090.0273790.0268730.0256480.0221850.0259190.02291

    MAPE

    300.000520.000610520.000510.000632710.000470.000564530.00050.000545310.000440.000529030.000430.000460390.000410.000452890.000410.000435490.000420.000465370.000420.000420.000380.000423560.00040.000423790.000380.000420620.000410.000439210.000350.000428560.000380.000428670.00040.000424340.000390.000430820.00040.0004177211.415

    310.000570.000631150.000520.000653220.000560.000584070.000480.000564090.000460.00055030.000430.00048320.000460.000476290.000430.000459770.000450.000486390.000420.000442270.000430.000444820.00040.000443790.000440.000440.000420.000458390.000420.000446910.000410.000448010.000410.000446010.000450.000450.000410.000437918.8854

    320.000590.000654380.000530.00067630.000530.000606060.000540.000585240.000520.000574110.000470.000508650.000460.000502370.000430.000486740.000440.000509850.000440.000467050.00040.000468510.00040.000466120.000460.000461610.000480.000479790.000470.000467370.000480.000469530.000470.000470.000430.000471330.000420.000460259.4892

    330.000640.000680540.000590.000702280.00060.000630810.000570.000609060.000520.000600760.00050.000537040.000520.000531450.000510.000516710.000490.000536010.000470.000494630.000480.00049490.000510.000491060.000450.000485710.000480.000503670.000490.000490170.000460.000493460.000490.000496560.000440.000495040.000450.000484996.6871

    340.000710.000710.000720.000731520.000640.000658660.000630.000635880.000570.000630590.000570.00056870.000540.000563860.000550.000550.000520.000565180.00050.000525330.000470.000524310.000490.000518910.000490.000512570.000560.000530320.000480.000515590.000470.000520080.000480.000525960.000560.00052140.00050.000512375.2028

    350.000770.000743170.000770.000764420.000690.000690.000640.000666070.000630.000663980.000580.000604020.00060.00060.000550.000586990.00060.000597720.000570.000559490.000580.000557070.000550.000550.000520.000542530.000540.000560060.000520.000543930.000570.000549690.000580.000558510.000540.000550710.000560.000542682.9324

    360.00070.000780510.000830.000801440.000780.000725270.000730.000700070.000720.000701350.000640.000643410.000640.000640290.000640.000628080.000620.000634020.000590.000597510.000590.000593570.000580.000584720.000580.000575930.000540.000593240.000520.000575520.000550.000582620.00060.000594530.000550.000583290.000510.000576234.377

    370.000820.000822570.000730.000843110.00090.000764950.00080.000738360.000780.000743180.00070.000687350.000740.00068520.000740.000673720.000690.00067450.00060.000639820.000670.000634230.000620.000623480.00060.000613170.00060.000630270.000640.000610740.000590.000619260.000580.000634420.000550.000619510.000680.000613376.5673

    380.000950.000869910.000890.000890.000770.000809610.000860.000781460.000790.000790.000770.000736360.000770.000735270.000770.000724430.000720.000719650.000750.00068690.000720.000679530.000690.000666770.000690.000654690.000710.00067160.000650.000650.000660.000660.000640.000678560.000620.000659780.000660.000654494.1451

    390.000960.000923230.000980.000942770.000930.000859870.000830.000830.000950.00084240.000910.000791020.000870.000791090.000880.000780770.000770.000770.000760.000739290.000730.000730.000730.00071510.000750.000700980.000770.000717710.000720.000693760.000690.000705320.000770.000727430.000720.000704550.00070.00074.8184

    400.001010.000983250.001020.00100210.001110.000916410.001020.000884650.000910.000901040.001010.000851990.000930.000853310.000960.000843360.000870.000826160.000840.00079760.000850.000786230.000870.000769070.000780.000752590.000820.000769160.000790.000742550.000760.000755720.000820.000781530.000820.000754320.000770.000750386.9925

    410.001170.00105080.001190.0010690.001150.000980050.001120.000946180.001070.000966680.000920.000920.001050.000922680.001020.000912880.001040.000888790.000890.000862490.000950.000848870.000870.000829320.000860.000810130.000890.000826570.000820.000796930.000890.000811790.000870.000841410.000870.000809640.000860.000806148.2581

    420.001230.00112690.001250.00114420.001230.00105160.001220.00101550.001220.00104010.001090.000995850.0010.0010.001140.000990110.001080.000958640.001070.000934690.001030.000918650.001050.00089660.000970.000874290.000980.000890630.001010.000857540.000990.000874140.000940.000907690.000910.000871140.000950.0008678710.32

    430.001310.00121260.00130.00122880.001370.00113220.001350.00109350.001260.00112240.001360.00108040.001190.00108620.001120.00107590.001240.00103650.001230.0010150.001180.000996390.001130.000971710.001110.000945810.001110.000962110.001080.000925110.001040.00094350.001010.000981060.001030.000939520.0010.0009361911.928

    440.00160.00130910.001440.0013240.001470.00122290.001450.00118130.001430.00121440.001270.00117480.001460.00118230.001220.00117120.001140.00112340.001350.00110450.001270.0010830.001310.00105560.001180.00102560.001210.00104190.001140.00100040.001150.00102060.001120.00106230.001130.00101550.001160.001011812.606

    450.001620.00141760.001610.00143110.001510.00132490.001540.00128010.001480.00131730.001460.001280.001370.00128940.001430.00127710.001330.00122030.001220.00120390.001440.00117950.001460.00114920.001350.00111450.00140.00113090.001310.00108440.001210.00110640.001260.00115220.001230.00110.001240.001095512.358

    460.001750.00153990.001770.00155170.001780.00143960.001640.00139150.001570.00143260.001590.00139740.001560.00140880.001490.00139470.001490.00132840.001430.00131470.001320.00128690.001590.00125370.001470.00121360.001510.00123010.001430.0011780.001450.00120180.001340.00125170.001420.00119390.001320.001188212.703

    470.002020.00167750.00190.00168730.001920.00156880.001850.00151680.001740.00156150.001760.00152830.001720.00154180.001620.00152530.001580.00144880.00170.00143780.001580.00140660.001430.00137040.001680.0013240.001690.00134090.001560.00128230.001540.00130790.001580.00136180.001490.00129830.001390.001290713.236

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