Forecasting the Number of Public Health Medical Beds in China: Based on ARIMA Model

This study employs the ARIMA model to forecast hospital bed availability in China from 1994 to 2023, with a focus on predicting bed numbers for the subsequent five years (20242028). The analysis encompasses two principal phases: the first phase involves forecasting future bed numbers based on historical data, and the second phase evaluates the accuracy of these forecasts by comparing them with actual data from 2021 to 2023. Using the ARIMA(0,2,0) model, the study demonstrates a robust and reliable forecast, revealing a steady increase in hospital bed counts. The accuracy of the model's predictions is high, confirming its effectiveness for short-term forecasting and underscoring the importance of proactive healthcare infrastructure planning. Additionally, the study highlights potential areas for future research, including the integration of additional variables, exploration of alternative modeling approaches, extension of forecast horizons, and sensitivity analyses to enhance predictive precision. These contributions aim to assist healthcare planners and policymakers in addressing the evolving needs of China's healthcare system and ensuring adequate medical service provision.

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Publication Details

Journal
Advances in Economics Management and Political Sciences
Published
2024-12-26
DOI
https://doi.org/10.54254/2754-1169/2024.ga18859
Primary Topic
Research studies in Vietnam
Type
article
Field-Weighted Citation Impact
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article

Forecasting the Number of Public Health Medical Beds in China: Based on ARIMA Model

Xinyi Liu
Advances in Economics Management and Political Sciences
Research studies in Vietnam
article

Forecasting the Number of Public Health Medical Beds in China: Based on ARIMA Model

Xinyi Liu
article en

Abstract

This study employs the ARIMA model to forecast hospital bed availability in China from 1994 to 2023, with a focus on predicting bed numbers for the subsequent five years (20242028). The analysis encompasses two principal phases: the first phase involves forecasting future bed numbers based on historical data, and the second phase evaluates the accuracy of these forecasts by comparing them with actual data from 2021 to 2023. Using the ARIMA(0,2,0) model, the study demonstrates a robust and reliable forecast, revealing a steady increase in hospital bed counts. The accuracy of the model's predictions is high, confirming its effectiveness for short-term forecasting and underscoring the importance of proactive healthcare infrastructure planning. Additionally, the study highlights potential areas for future research, including the integration of additional variables, exploration of alternative modeling approaches, extension of forecast horizons, and sensitivity analyses to enhance predictive precision. These contributions aim to assist healthcare planners and policymakers in addressing the evolving needs of China's healthcare system and ensuring adequate medical service provision.

Advances in Economics Management and Political SciencesVol. 141(1)
Hainan University (CN)
Industry, innovation and infrastructure
Openalex Percentile: Top 76%
Research studies in Vietnam
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Forecasting the Number of Public Health Medical Beds in China: Based on ARIMA Model — Xinyi Liu · Advances in Economics Management and Political Sciences (2024) | TGRS Research Map | TGRS