A flexible quantile regression model for medical costs with application to Medical Expenditure Panel Survey Study. (2nd May 2018)

• Record Type: Journal Article
• Authors: Zhao, Xiaobing; Wang, Weiwei; Liu, Lei; Shih, Ya‐Chen T.
• Is Part Of: Statistics in medicine. Volume 37:Number 17(2018)
• Page Start: 2645
• Page End: 2666
• Publication Date: 2018-05-02
• Subjects: adaptive lasso -- high‐dimensional covariates -- hybrid stepwise approach -- partially nonlinear -- quantile regression -- single index -- variable selection; Medical statistics -- Periodicals; Statistique médicale -- Périodiques; Statistiques médicales -- Périodiques; 610.727
• DOI: 10.1002/sim.7670
• Languages: English
• ISSNs: 0277-6715

Abstract

Abstract : Medical costs are often skewed to the right and heteroscedastic, having a sophisticated relation with covariates. Mean function regression models with low‐dimensional covariates have been extensively considered in the literature. However, it is important to develop a robust alternative to find the underlying relationship between medical costs and high‐dimensional covariates. In this paper, we propose a new quantile regression model to analyze medical costs. We also consider variable selection, using an adaptive lasso penalized variable selection method to identify significant factors of the covariates. Simulation studies are conducted to illustrate the performance of the estimation method. We apply our method to the analysis of the Medical Expenditure Panel Survey dataset.