Applying beta-type size distributions to healthcare cost regressions

TY - JOUR

T1 - Applying beta-type size distributions to healthcare cost regressions

AU - Jones, Andrew Michael

AU - Lomas, James

AU - Rice, Nigel

PY - 2013

Y1 - 2013

N2 - This paper extends the literature on modelling healthcare cost data by applying the generalised beta of the second kind (GB2) distribution to English hospital inpatient cost data. A quasi-experimental design, estimating models on a sub-population of the data and evaluating performance on another sub-population, is used to compare this distribution with its nested and limiting cases. While for these data the beta of the second kind (B2) distribution and generalised gamma (GG) distribution outperform the GB2, our results illustrate that the GB2 can be used as a device for choosing among competing parametric distributions for healthcare cost data. Copyright © 2013 John Wiley & Sons, Ltd.

AB - This paper extends the literature on modelling healthcare cost data by applying the generalised beta of the second kind (GB2) distribution to English hospital inpatient cost data. A quasi-experimental design, estimating models on a sub-population of the data and evaluating performance on another sub-population, is used to compare this distribution with its nested and limiting cases. While for these data the beta of the second kind (B2) distribution and generalised gamma (GG) distribution outperform the GB2, our results illustrate that the GB2 can be used as a device for choosing among competing parametric distributions for healthcare cost data. Copyright © 2013 John Wiley & Sons, Ltd.

U2 - 10.1002/jae.2334

DO - 10.1002/jae.2334

M3 - Article

SN - 0883-7252

VL - n/a

SP - n/a

JO - Journal of Applied Econometrics

JF - Journal of Applied Econometrics

IS - n/a

ER -