Table 7 ETS model information and parameter estimates with their error measures for India
From: Future health expenditure in the BRICS countries: a forecasting analysis for 2035
Indicator | Method | ME | RMSE | MAE | MPE | MAPE | MASE | ACF1 |
|---|---|---|---|---|---|---|---|---|
Total Health Expenditure (% of GDP) | ETS(A,A,N) α = 0.96;β = 0.00 | 0.00 | 0.19 | 0.13 | -0.21 | 3.66 | 0.88 | 0.06 |
Total Health Expenditure Per Capita ($PPP) | ETS(A,A,N) α = 0.96;β = 0.00 | 0.16 | 10.17 | 7.64 | -0.15 | 3.65 | 0.92 | 0.07 |
Government Health Expenditure Per Capita ($PPP) | ETS(A,A,N) α = 0.96;β = 0.03 | 0.00 | 0.06 | 0.04 | -0.04 | 0.91 | 0.95 | 0.13 |
Pre-Paid Private Health Expenditure Per Capita ($PPP) | ETS(A,Ad,N) α = 0.00;β = 0.00 | 0.00 | 0.07 | 0.05 | 0.03 | 0.88 | 0.66 | -0.12 |
Out-of-Pocket Health Expenditure Per Capita ($PPP) | ETS(A,A,N) α = 0.99;β = 0.00 | -0.01 | 0.09 | 0.06 | 0.11 | 1.69 | 0.88 | 0.01 |
Government Health Expenditure (% of CHE) | ETS(A,A,N) α = 0.99;β = 0.00 | 0.00 | 0.11 | 0.08 | -1.04 | 7.35 | 0.93 | 0.11 |
Pre-Paid Private Health Expenditure (% of CHE) | ETS(A,A,N) α = 0.00;β = 0.00 | 0.00 | 0.10 | 0.08 | -0.12 | 3.23 | 0.72 | 0.08 |
Out-of-Pocket Health Expenditure (% of CHE) | ETS(A,A,N) α = 0.99;β = 0.00 | 0.01 | 0.11 | 0.07 | -3.21 | 16.15 | 0.82 | 0.03 |