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Medical Rate Setting Problem: Using The Hill-Climbing Search To Maximize Health Care Provider Profit, Calvin Bina, Jaeden Lovin, Jeremy Straub, Eunjin Kim
Medical Rate Setting Problem: Using The Hill-Climbing Search To Maximize Health Care Provider Profit, Calvin Bina, Jaeden Lovin, Jeremy Straub, Eunjin Kim
Jeremy Straub
Our program for calculating the optimal price for a service is relatively simple, but it gets great results. We make use of quadratic regres-sion. Quadratic regression has a very similar concept to linear regression. Given a set of data points, we find the equation that is the best fit to represent those data points. With linear re-gression, our resulting equation is linear. How-ever, with quadratic regression, our end result is a quadratic equation. We have two quadratic equations to come up with. One is our cost function and the other is our units sold func-tion. Both of these equations are …