Encyclopaedia

Explore comprehensive, evidence-informed explanations of key health economics concepts, including their development, application and relationships to other concepts. Published entries are validated through human expert review.

201220 of 301 concepts

P-Score

A frequentist network meta-analysis measure ranking treatments by the extent one is expected to outperform every other treatment in the network.

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P-Value

A statistic representing the probability of observing a result at least as extreme as the one obtained, assuming the null hypothesis is true.

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Pairwise Deletion

A missing data method in which each specific calculation uses all observations with complete data for that particular pair of variables.

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Pairwise Meta-Analysis

A meta-analysis combining evidence comparing exactly two treatments, unlike a network meta-analysis synthesising evidence across three or more.

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Partial Correlation

A measure of the relationship between two variables after statistically controlling for the influence of one or more additional variables.

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Patient Outcome

A measurable change in health, function, symptoms, quality of life or survival experienced by a patient.

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Pattern Mixture Model

A missing data modelling approach stratifying analysis by the observed pattern of missingness, rather than assuming one model applies to everyone.

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Pearson Correlation

A measure quantifying the strength and direction of the linear relationship between two continuous variables, ranging from negative one to positive one.

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Percentile

A descriptive statistic indicating the value below which a specified percentage of observations in a dataset fall.

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Period Prevalence

The proportion of a population with a particular condition at any point during a specified period, combining existing and newly developed cases.

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Point Prevalence

The proportion of a population found to have a particular condition at a single specific point in time, unlike period prevalence or incidence.

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Poisson Distribution

A discrete probability distribution describing the number of times an event occurs within a fixed interval, assuming independence and a constant average rate.

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Poisson Regression

A modelling technique analysing count outcome data, such as clinical events per patient, based on the assumption that outcomes follow a Poisson distribution.

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Population Attributable Fraction

The proportion of disease cases in an entire population that would not occur if a specific exposure were eliminated, accounting for its prevalence.

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Population Attributable Risk

The reduction in disease incidence within a population that would result from eliminating a harmful exposure entirely, expressed as an absolute rate.

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Positive Likelihood Ratio

A diagnostic test measure expressing how much a positive result increases the odds that a patient truly has the condition tested for.

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Positive Predictive Value

The probability that an individual with a positive diagnostic test result truly has the condition being tested for.

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Post-Test Probability

The updated probability that a patient has a condition after a diagnostic test result is known, combining pre-test probability with the likelihood ratio.

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Posterior Distribution

In Bayesian statistics, the updated probability distribution for a parameter after combining a prior distribution with the likelihood of observed data.

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Posterior Odds

The updated odds that a hypothesis is true after incorporating new evidence, found by multiplying prior odds by the likelihood ratio.

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