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.

481500 of 1017 concepts

Latent Class Analysis

A technique identifying unobserved, categorical subgroups within a population from patterns of responses, assuming these fully explain the observed associations.

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Latent Class Model

A statistical model that assumes a population consists of unobserved subgroups with distinct preferences, estimating both each subgroup's traits and individual membership probability.

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Latent Growth Model

A modelling framework representing an individual's trajectory using unobserved latent variables for starting level and rate of change, both varying across people.

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Latent Transition Analysis

A technique modelling how individuals move between unobserved categorical subgroups over time, combining latent class analysis with a longitudinal framework.

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Latent Variable

An unobserved, underlying construct inferred from patterns among observed, measurable variables, such as a health dimension inferred from questionnaire responses.

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Latin Hypercube Sampling

A sampling technique dividing each input's range into equally probable intervals and sampling each exactly once, giving more even coverage than simple random sampling.

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Law of Large Numbers

A theorem stating that as sample size increases, the sample average of a variable converges toward the true underlying population average.

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Least Squares Approximation

A method of estimating a model or function by minimising the sum of the squared differences between observed and predicted values.

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Leave-One-Out

A cross-validation form repeatedly refitting a model using all but one observation, using that observation to test accuracy, until each has served once.

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Left Censoring

A form of censoring in which an event is known to have occurred before an observed time, but its exact prior timing is unknown.

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Left Truncation

A survival analysis situation in which individuals are only included once they reach a certain point, such as registry entry, rather than a true start.

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Leverage Point

An observation with an unusual combination of predictor values, distinct from the bulk of the data, capable of disproportionately influencing a regression model.

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Life Expectancy

The average number of years an individual of a given age is expected to live, based on current age-specific mortality rates.

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Life Table

A tabular record of a population's mortality experience, showing the probability of death at each age and the resulting survivors over time.

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Life Table Method

A survival technique dividing follow-up into fixed intervals and calculating the proportion of at-risk patients surviving each, accounting for censoring.

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Lifetime Prevalence

The proportion of a population that has experienced a condition at any point in life up to assessment, unlike point prevalence.

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Likelihood Ratio

A diagnostic test measure expressing how much a given result, positive or negative, changes the odds that a patient truly has the condition.

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Likelihood Ratio Test

A statistical test comparing the fit of two nested models by their ratio of likelihoods, used to judge whether added parameters improve fit.

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Linear Interpolation

A method of estimating values between two known data points by assuming a straight-line relationship between them.

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Linear Model Health

A statistical or decision-analytic model in which inputs and outputs are related by a simple linear function, such as a constant per-unit cost.

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