Modeling risk using generalized linear models.

@article{Blough1999ModelingRU,
  title={Modeling risk using generalized linear models.},
  author={David K. Blough and Carolyn W. Madden and Mark C Hornbrook},
  journal={Journal of health economics},
  year={1999},
  volume={18 2},
  pages={153-71}
}
Traditionally, linear regression has been the technique of choice for predicting medical risk. This paper presents a new approach to modeling the second part of two-part models utilizing extensions of the generalized linear model. The primary method of estimation for this model is maximum likelihood. This method as well as the generalizations quasi-likelihood and extended quasi-likelihood are discussed. An example using medical expense data from Washington State employees is used to illustrate… CONTINUE READING
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