Modelling Correlated Healthcare Costs with Many Zeros: A Two-Part Random Effects Approach

Healthcare costs typically exhibit a substantial proportion of zero values together with very large positive values. For example, healthy people have no costs recorded in a given year whereas certain individuals may incur large medical expenses that increase tremendously by disease severity. Moreove...

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Bibliographic Details
Main Authors: Lee, Andy, Hui, Y., Yau, K.
Other Authors: Wenchang Fang
Format: Conference Paper
Published: Academy of Taiwan Information Systems Research 2012
Online Access:http://hdl.handle.net/20.500.11937/27510