Social Security/Insurance and its benefits Time Series Analysis

Generally the beneficiaries of social security institutions and insurance companies contribute currently some percentages of their monthly salary so that they will be protected by the social security institutions and insurance companies against economic and social distress that would be caused by the absence or substantial reduction of income from work as a result of various contingencies such as sickness maternity employment injury invalidity old age etc. This research project analyzes interprets and forecasts in next three years the benefits paid by RSSB using Holt’s two-parameter linear exponential smoothing time series model.