Issues and measures for predictive modeling of medical cost

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By Naonori Yakura , Yasuo Kurosawa, Kosuke Iwasaki | 27 June 2008

A Milliman actuary, along with two colleagues, developed a predictive model using 2007 medical costs and independent variables in addition to age and gender. Drawing on their experience, this paper discusses some new approaches to addressing the issues that researchers face when trying to model medical costs using regression analysis.

This article appears with the permission of the Asian Pacific Journal of Disease Management.