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Actuarial models Proof. We know that SX |Λ(x |λ) = exp { − ∫ x 0 hX |Λ(t |λ)dt } , which is SX |Λ(x |λ) = exp { −λ ∫ x 0 a(t)dt } = exp {−λA(x)} . Furthermore,…
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