Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
B
- Base CaseBase-Case Scenario, Central Estimate
- The set of central, best-estimate inputs used to produce a model's primary reported results, against which sensitivity analysis is later tested.
- Base Case AnalysisReference-Case Analysis, Central-Estimate Analysis
- The primary analysis using a model's central, best-estimate inputs, providing the main cost-effectiveness result behind a funding recommendation.
L
- Local Sensitivity AnalysisLocal SA, Derivative-Based Sensitivity Analysis
- A sensitivity analysis examining how output changes with small variations around a fixed base case for each parameter, unlike global sensitivity analysis.