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.

1 term matching “Markov Cohort Model”

M

Markov Cohort ModelCohort Markov Model, Aggregate Markov Model
A Markov model tracking a hypothetical cohort collectively as proportions across health states over cycles, rather than simulating each patient separately.