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Predicting Global Health Expenditures Using Machine Learning and Regularized Regression Methods
Öz
Health expenditures are crucial for countries’ economic sustainability and the effectiveness of health policies. Accurately modeling these expenditures is complex and requires methods beyond classical regression. This study aimed to estimate per capita health expenditures using machine learning and regularized regression approaches based on 2022 World Bank data from 190 countries.
Missing values were imputed using the Multiple Imputation by Chained Equations (MICE) method. The dependent variable was per capita health expenditure, while independent variables included socioeconomic and demographic indicators. Six models—Support Vector Regression (SVR), Random Forest (RF), Extreme Gradient Boosting (XGBoost), Elastic Net, Lasso, and Ridge—were compared using RMSE, MAE, and R² metrics. SVR achieved the best performance (RMSE = 463 ± 13.3, R² = 0.940 ± 0.003). XGBoost yielded the lowest MAE (262 ± 15.5) with high accuracy (R² = 0.923 ± 0.007). GDP per capita was the most important predictor, followed by the proportion of elderly population, life expectancy, and urbanization rate. SVR and XGBoost models demonstrated high predictive power, highlighting their potential as decision-support tools for forecasting health expenditures.
Anahtar Kelimeler
Destekleyen Kurum
Herhangi bir kurum veya kuruluştan destek alınmamaktadır.
Etik Beyan
Çalışmalarda gerçekleştirilen tüm prosedürler, benzer kurumsal ve/veya ulusal araştırma komitelerinin etik standartlarına uygundur.
Teşekkür
.
Kaynakça
- Acemoglu, D., Finkelstein, A., & Notowidigdo, M. J. (2013). Income and health spending: Evidence from oil price shocks. Review of Economics and Statistics, 95(4), 1079-1095.
- Azur, M. J., Stuart, E. A., Frangakis, C., & Leaf, P. J. (2011). Multiple imputation by chained equations: What is it and how does it work?. International Journal of Methods in Psychiatric Research, 20(1), 40-49.
- Baltagi, B. H., & Moscone, F. (2010). Health care expenditure and income in the OECD reconsidered: Evidence from panel data. Economic Modelling, 27(4), 804–811.
- Breiman, L. (2001). Random forests. Machine Learning, 45(1), 5–32. https://doi.org/10.1023/A:1010933404324
- Chen, T., & Guestrin, C. (2016). XGBoost: A scalable tree boosting system. Proceedings of the 22nd ACM SIGKDD International Conference on Knowledge Discovery and Data Mining, 785–794. https://doi.org/10.1145/2939672.2939785
- Çınaroğlu, S. (2017). Sağlık harcamasının tahmininde makine öğrenmesi regresyon yöntemlerinin karşılaştırılması. Uludağ Üniversitesi Mühendislik Fakültesi Dergisi, 22(2), 179–197. https://doi.org/10.17482/uumfd.338805
- Friedman, J. H. (2001). Greedy function approximation: A gradient boosting machine. Annals of Statistics, 29(5), 1189–1232. https://doi.org/10.1214/aos/1013203451
- Gerdtham, U. G., & Jönsson, B. (2000). International comparisons of health expenditure: Theory, data and econometric analysis. In Handbook of health economics, (1), 11-53.
Ayrıntılar
Birincil Dil
İngilizce
Konular
Ekonometri (Diğer)
Bölüm
Araştırma Makalesi
Yayımlanma Tarihi
29 Aralık 2025
Gönderilme Tarihi
28 Eylül 2025
Kabul Tarihi
16 Ekim 2025
Yayımlandığı Sayı
Yıl 2025 Cilt: 12 Sayı: 2
APA
Öztürk, H., & Hayat, E. (2025). Predicting Global Health Expenditures Using Machine Learning and Regularized Regression Methods. Pamukkale Üniversitesi İşletme Araştırmaları Dergisi, 12(2), 462-476. https://doi.org/10.47097/piar.1792425
AMA
1.Öztürk H, Hayat E. Predicting Global Health Expenditures Using Machine Learning and Regularized Regression Methods. piar. 2025;12(2):462-476. doi:10.47097/piar.1792425
Chicago
Öztürk, Hakan, ve Elvan Hayat. 2025. “Predicting Global Health Expenditures Using Machine Learning and Regularized Regression Methods”. Pamukkale Üniversitesi İşletme Araştırmaları Dergisi 12 (2): 462-76. https://doi.org/10.47097/piar.1792425.
EndNote
Öztürk H, Hayat E (01 Aralık 2025) Predicting Global Health Expenditures Using Machine Learning and Regularized Regression Methods. Pamukkale Üniversitesi İşletme Araştırmaları Dergisi 12 2 462–476.
IEEE
[1]H. Öztürk ve E. Hayat, “Predicting Global Health Expenditures Using Machine Learning and Regularized Regression Methods”, piar, c. 12, sy 2, ss. 462–476, Ara. 2025, doi: 10.47097/piar.1792425.
ISNAD
Öztürk, Hakan - Hayat, Elvan. “Predicting Global Health Expenditures Using Machine Learning and Regularized Regression Methods”. Pamukkale Üniversitesi İşletme Araştırmaları Dergisi 12/2 (01 Aralık 2025): 462-476. https://doi.org/10.47097/piar.1792425.
JAMA
1.Öztürk H, Hayat E. Predicting Global Health Expenditures Using Machine Learning and Regularized Regression Methods. piar. 2025;12:462–476.
MLA
Öztürk, Hakan, ve Elvan Hayat. “Predicting Global Health Expenditures Using Machine Learning and Regularized Regression Methods”. Pamukkale Üniversitesi İşletme Araştırmaları Dergisi, c. 12, sy 2, Aralık 2025, ss. 462-76, doi:10.47097/piar.1792425.
Vancouver
1.Hakan Öztürk, Elvan Hayat. Predicting Global Health Expenditures Using Machine Learning and Regularized Regression Methods. piar. 01 Aralık 2025;12(2):462-76. doi:10.47097/piar.1792425