4.3 Keeping an Eye on Healthcare Costs: The D2Hawkeye Story

4.3 Keeping an Eye on Healthcare Costs: The D2Hawkeye Story

Quick Question

While we don’t have all of the data we would ideally like to have in this problem (like test results), we can define new variables using the data we do have. Which of the following were new variables defined to help predict healthcare cost? Select all that apply.

 Variables to capture chronic conditions  check
 Noncompliance to treatment  check
 Illness severity  check
 Interactions between illnesses  check
Check Show Solution

Explanation All of these variables were defined using the claims data to improve cost predictions. This shows how the intuition of experts can be used to define new variables and improve the model.

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