Reputation: 11
I have hazard rates for different time periods and I estimated survival probabilities for different time periods. I would like to estimate survival probabilities for future time periods.
Here is the table I created on excel hazard rates & survival probabilities:
For survival probability in year 1, I used the following formula
Q(1) = exp(-h(1)*dt), dt = 1
where h(1) is hazard rate between year 0 and year 1
Q(2) = Q(1)*exp(-h(2)*dt)), dt = 1,
where h(2) is hazard rate between year 1 and year 2
How do I estimate survival probabilities for future years where I dont have hazard rates for future years?
Any help would be appreciated - even if its in python/R/excel. Thanks in advance
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