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.
S
- Steady StateSteady-State Concentration, Css
- A probability distribution across states that remains unchanged after application of a fixed state-transition matrix, satisfying the stationary balance equation.
T
- Transition MatrixProbability Matrix, Markov Transition Table
- A transition matrix is an ordered array of conditional probabilities that specifies movement among mutually exclusive states over a defined time interval.