Papers and reports

The object of this paper, which attempts no more than a general introduction to these new aids to calculation and processing records, is to serve as a preliminary to the detailed study which it is believed many actuaries will need to make in the near future.

The object of the present paper is to trace statistically the various elements contributing to population replacement. First, the uses and methods of construction of self-reproducing models are discussed; then some statistical models, built up in the manner described, are used as standards of reference in a new approach to the examination in detail of population replacement in Great Britain in recent years.

The application of sampling technique to statistical data, which a few decades ago was a rarity, has now become common practice. Our past President, Mr F. A. A. Menzler, in his presidential address said: Sampling, in all its manifestations, has become almost a social and industrial routine. In this paper, by examining in some detail the application of sampling to a particular branch of actuarial work, namely pension fund valuations, an attempt is made to investigate the possibilities of its use in the actuarial-field.