Adjust calculations for the effect of missing data values, including censoring and truncation.
Free CAS MAS-I (Modern Actuarial Statistics I) lesson in Statistics. 11 min read, ~1,723 words.
Censoring keeps the observation but bounds its value; truncation removes it from the sample entirely. Right-censoring observes, left-censoring observes: these contribute or while uncensored points contribute. Left-truncation at excludes; condition on by dividing the density by. Right-truncation at excludes; divide by. Kaplan-Meier handles right-censoring; product-limit risk-set adjustment handles left-truncation by...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- B9
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