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.

621640 of 682 concepts

Time-Fixed Covariate

A patient characteristic in a survival model measured once and assumed constant throughout follow-up, such as baseline age or sex.

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Time-Homogeneous Model

A Markov model in which transition probabilities remain constant throughout the entire modelled time horizon, regardless of how many cycles have passed.

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Time-Inhomogeneous Model

A Markov model in which transition probabilities are allowed to vary over the time horizon, such as mortality risk rising with age.

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Time-to-Event

Outcome data recording the duration until a specific event of interest occurs, such as disease progression or death, possibly censored.

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Time-to-Event Analysis

Statistical methods analysing data on the time until a specific event occurs, such as death, while appropriately handling censored observations.

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Time-Varying Covariate

A patient characteristic in a survival model allowed to change value over follow-up, such as a repeatedly measured biomarker.

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Time-Varying Hazard

A hazard rate that changes in magnitude over follow-up, unlike a constant hazard that stays the same at every point.

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Tolerance Interval

An interval calculated to contain a specified proportion of an entire population's values with a given confidence, unlike a confidence or prediction interval.

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Top-Down Costing

A costing method that starts from total observed expenditure for a programme and divides it by units delivered to produce an average unit cost.

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Tornado Diagram

A horizontal bar chart displaying one-way sensitivity analysis results, bars ranked from largest to smallest range, resembling a tornado shape.

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Total Effect Index

A variance-based sensitivity measure quantifying an input's total contribution to output variance, including its individual effect and all interactions with other inputs.

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Trade-off

A situation in which achieving more of one objective requires accepting less of another, such as extra health benefit only at extra cost.

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Trajectory Analysis

A statistical approach identifying and characterising distinct patterns of change in an outcome over time, often revealing subgroups with different courses.

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Transient State

A health state within a Markov model that a patient can leave and potentially return to, unlike an absorbing state such as death.

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Transition Matrix

A table giving the probability of moving from each health state to every other state within one Markov model cycle, each row summing to one.

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Transition Probability

The likelihood that a patient in a given health state at a cycle's start will move to another state, or stay, by its end.

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Transition Reward

A cost or outcome value applied at the moment a patient moves between two health states, unlike a state reward accrued over time.

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Transmission Model

A model explicitly representing how an infectious disease spreads through a population by tracking interaction between infectious and susceptible individuals.

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Transmission Probability

The likelihood that an infectious disease passes from an infected to a susceptible individual during a single contact between them.

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Trapezoidal Rule

A numerical integration technique approximating a definite integral by dividing the area under a curve into trapezoids and summing their areas.

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