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.
P
- Predictive Validity
- The extent to which a model's forecasts about future events are later confirmed by observed real-world data.
- Predictive Validity Assessment
- The formal process of comparing a model's earlier forecasts against outcomes subsequently observed once real-world data became available.