Spring 2007 issue of the Expert Witness newsletter (volume 12, issue 1)
Forecasting the long-term interest
rate on Government of Canada bonds:
- In the article Christopher Bruce examines a subtle issue relating to interest rates. He explains the difference between the interest rates realised by buying bonds and holding them to maturity, and selling and re-buying before maturity. These approaches will result in different estimates of historical interest rates.
Using the HALS/PALS data sets to
estimate a loss of income
- In the article Derek Aldridge discusses the potential usefulness of Statistics Canada’s HALS/PALS disability statistics when attempting to estimate a person’s loss of income. His opinion is that while one can use these data sets to predict a loss of income, in most cases these predictions are not helpful for our purposes.