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Economic Consequences of Road Traffic Injuries. Application of the Super Learner algorithm

Author

Listed:
  • Sriubaite, I.
  • Harris, A.
  • Jones, A.M.
  • Gabbe, B.

Abstract

We perform a prediction analysis using methods of supervised machine learning on a set of outcomes that measure economic consequences of road traffic injuries. We employ several parametric and non-parametric algorithms including regularised regressions, decision trees and random forests to model statistically challenging empirical distributions and identify the key risk groups. In addition to a traditional outcome of interest – health care costs – we predict net monetary benefits from treatment, and productivity losses measured by the probability to return to work after the injury. Using the predictions of each selected algorithm we construct an ensemble machine learning algorithm - the Super Learner algorithm. Our findings demonstrate that the Super Learner is effective and performs best in predicting all outcomes. Further analysis of predictions by different groups of patients play an important role in the understanding of key risk factors for higher costs and poorer outcomes and offers a deeper understanding of risk in the health care sector.

Suggested Citation

  • Sriubaite, I. & Harris, A. & Jones, A.M. & Gabbe, B., 2020. "Economic Consequences of Road Traffic Injuries. Application of the Super Learner algorithm," Health, Econometrics and Data Group (HEDG) Working Papers 20/20, HEDG, c/o Department of Economics, University of York.
  • Handle: RePEc:yor:hectdg:20/20
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    References listed on IDEAS

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    More about this item

    Keywords

    Prediction and classification; super learner; machine learning; healthcare costs; patient outcomes; road traffic injuries;
    All these keywords.

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I19 - Health, Education, and Welfare - - Health - - - Other
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods

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