Table 3.

Out of sample predictions for 10 health states.

Omitted Health State	Observed Mean		LR + RE			BR + RE
		Mean	SD	SR	Mean	SD	SR
121,212	0.842	0.876	0.032	−1.129	0.849	0.024	−0.368
132,524	0.763	0.841	0.034	−2.367	0.830	0.028	−2.555
211,111	0.890	0.909	0.029	−0.637	0.866	0.021	1.172
232,111	0.858	0.805	0.033	1.705	0.798	0.031	1.983
321,122	0.858	0.848	0.032	0.364	0.842	0.026	0.694
412,152	0.793	0.733	0.035	1.606	0.724	0.040	1.666
432,621	0.743	0.647	0.039	2.385	0.664	0.054	1.388
523,551	0.670	0.701	0.048	−1.920	0.677	0.062	−1.072
614,434	0.561	0.742	0.058	−3.123	0.669	0.062	−1.756
642,612	0.685	0.458	0.032	6.924	0.462	0.046	4.728
RMSE		0.107			0.091

Note: LR: linear regression; BR: beta regression; RE: random effect; RMSE: root mean square error; SD: standard deviation; SR: standardized residuals.