flc.plot:
Miscellaneous plotting functions for lca and lca.rh type regression objects.
Plot of forecasted Lee-Carter model based on a fitted model object
Description
Plots the forecasted period effect and life expectancy of the fitted Lee-Carter model in a single graphical window.
Usage
flc.plot(lca.obj, at = 65, ...)
Arguments
lca.obj
an object of class lca
at
target age at which to calculate life expectancy
...
additional arguments to forecast function
Value
Plot
Details
It makes use of a univariate ARIMA process (i.e. random walk with drift) in order to extrapolate the period effect $k_t$, which is illustrated by the fitted calendar years together with the corresponding forecasted life expectancy at the specified target age.