Health care cost is an increasingly important part of the U.

Health care cost is an increasingly important part of the U.

Health care cost is an increasingly important part of the U.S. economy. In this exercise you are to identify variables that are predictors for hospital cost, either individually or in combination. Use the data file Health Care Cost Analysis, which contains annual health care costs for the period 1960–2008. As a first step you are to explore the simple relationships between hospital cost and individual variables using a combination of simple correlations and graphical scatter plots. You should also examine the changes in hospital cost and other variables over time. Medical care costs are, of course, affected by various national policies and changes in health care providers and health insurance practice. Based on these analyses, develop a multiple regression model that predicts hospital cost. You will probably find that the model has errors that are serially correlated and this possibility should be tested for by using the Durbin Watson test.

Don’t use plagiarized sources. Get Your Custom Essay on
Health care cost is an increasingly important part of the U.
Just from $13/Page

Order Essay

If serial correlation exists in your initial model then use the difference variables to estimate a model that predicts the change as a function of change in the predictor variables. Again, explore the simple relationship between the change in hospital cost and the change in the other predictor variables using correlations and scatter plots. Using these results develop a multiple regression model using the changes in variables to predict the change in hospital care costs. Prepare a report that identifies variables that are related to hospital cost individually and in combination.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!
Open chat
1
You can contact our live agent via WhatsApp! Via + 1 929 473-0077

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 30% with the discount code GURUH