Forecasting medical cost inflation rates: A model comparison approach

  title={Forecasting medical cost inflation rates: A model comparison approach},
  author={Qing Cao and Bradley T. Ewing and Mark A. Thompson},
  journal={Decision Support Systems},
a r t i c l e i n f o Due to healthcare costs rising faster than overall cost of living, decision makers (i.e., households, businesses, and governments) must cut back on healthcare utilization or spending elsewhere to be fiscally responsible. Accurate forecasts of future medical costs are critical for efficient planning, budgeting and operating decisions at all levels. This research compares the accuracy of the linear autoregressive moving average (ARMA) model and the nonlinear neural network… CONTINUE READING