A flexible quantile regression model for medical costs with application to Medical Expenditure Panel Survey Study

Xiaobing Zhao, Weiwei Wang, Lei Liu, Ya Chen T. Shih

Research output: Contribution to journalArticle

2 Scopus citations

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.

Original languageEnglish
Pages (from-to)2645-2666
Number of pages22
JournalStatistics in medicine
Volume37
Issue number17
DOIs
StatePublished - Jul 30 2018

Keywords

  • adaptive lasso
  • high-dimensional covariates
  • hybrid stepwise approach
  • partially nonlinear
  • quantile regression
  • single index
  • variable selection

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