Management of health care expenditure by soft computing methodology

Goran Maksimović, Srđan Jović, Radomir Jovanović and Obrad Aničić

Physica A: Statistical Mechanics and its Applications, 2017, vol. 465, issue C, 370-373

Abstract: In this study was managed the health care expenditure by soft computing methodology. The main goal was to predict the gross domestic product (GDP) according to several factors of health care expenditure. Soft computing methodologies were applied since GDP prediction is very complex task. The performances of the proposed predictors were confirmed with the simulation results. According to the results, support vector regression (SVR) has better prediction accuracy compared to other soft computing methodologies. The soft computing methods benefit from the soft computing capabilities of global optimization in order to avoid local minimum issues.

Keywords: Gross domestic product; Health care expenditure; Forecasting; Soft computing (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:465:y:2017:i:c:p:370-373

DOI: 10.1016/j.physa.2016.08.035

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