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Incorporating Random Effects to Reduce Variance in Risk Score Estimation
condition-based variables. By including the provider effect as part of the risk scoring model as a random effect ... effect, we can get better estimates of provider performance (incorporating practice patterns conditional ...- Authors: Robert Jason Reed (Jason)
- Date: Jul 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Health Watch
- Topics: Modeling & Statistical Methods>Estimation methods; Modeling & Statistical Methods>Regression analysis; Predictive Analytics>Modeling techniques
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When Affordability Savings Do Not Reduce Costs
Affordability Savings Do Not Reduce Costs Regression to the mean is a phenomenon that arises when comparing sequential ... closer to the average. Health care actuaries need to understand and be able to mitigate the effects of regression ...- Authors: Tony Pistilli
- Date: Dec 2020
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Health Watch
- Topics: Modeling & Statistical Methods>Forecasting; Modeling & Statistical Methods>Regression analysis; Predictive Analytics>Modeling techniques; Predictive Analytics>Quality control & model governance
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A Look Inside the Black Box
Look Inside the Black Box This article provides a brief overview of the current state of machine learning ... around the integration of actuarial judgment with ML and AI. It concludes with an example of explainable ...- Authors: Gregory Louis Mottet FSA,MAAA (Greg)
- Date: Aug 2020
- Competency: External Forces & Industry Knowledge; Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Health Watch
- Topics: Modeling & Statistical Methods>Regression analysis