Abstract:Objectives: Predictive modeling has a wide range of applications in HEOR. When the number of predictors is large in comparison to the number of observations, conventional generalized linear regression models can yield poor predictions. Machine Learning (ML) methods are increasingly being used in HEOR as an alternative framework to increase prediction accuracy. Commonly used ML models include Logistic-LASSO, tree based models (CART, Random Forest), and Neural Networks. This research aimed to explore the value o… Show more
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