Table 2.
Serie | Total Costs (euros) | Total Packages | Total DID |
---|---|---|---|
ARIMA model | (0,1,2) (0,1,1)12 | (2,0,0) (2,1,0)12 | (1,1,2) (0,1,1)12 |
AR1 | - | 0.340 *** | −0.423 *** |
AR2 | - | 0.061 * | - |
MA1 | 0.490 *** | - | −0.188 * |
MA2 | 0.381 *** | - | −0.812 * |
SAR1 | - | −0.446 ** | - |
SAR2 | - | −0.463 *** | - |
SMA1 | 0.754 *** | - | 0.772 * |
V1 | −0.019 * | - | −0.015 * |
V2 | - | −0.093 ** | - |
Q test (p-value, delay 18) | 18.206 (0.252) | 18.934 (0.167) | 14.701 (0.399) |
AIC | −7.138 | −7.309 | −7.374 |
Residual sum of squares | 0.073 | 0.076 | 0.076 |
Standard error of the regression | 0.020 | 0.017 | 0.015 |
Effect on the series (calculations in Table A2) |
Savings of 7.96% from Jul. 2015 to Jun. 2016 |
Savings of 8.87% from Jul. 2015 to Jun. 2016 |
Savings of 0.779 DID (−4.51% from Jul. 2015 to Jun. 2016) |
Legend: (*) significant level equal to or less than 0.05; (**) significance level equal to or less than 0.01; (***) level of significance equal to or less than 0.001; ARIMA (integrated autoregressive moving average model); AR1 (first autoregressive term); AR2 (second autoregressive term; MA1 (first moving average term); MA2 (second moving average term); SAR1 (first seasonal autoregressive term); SAR2 (second seasonal autoregressive term); SMA1 (first seasonal moving average term); V1 (dummy variable that takes the value 1 in June 2013 and −1 in July 2013); V2 (dummy variable that takes the value 1 in June 2013 and −1 from July 2013 to June 2014); AIC ( information criterion of Akaike); DID (daily defined doses per thousand people). Source: Own elaboration from data provided by the Basque Government Pharmacy Department.