Uncertainty & Value of Information

Terms for describing and quantifying uncertainty in economic evaluations and for valuing further research.

  • Topic: Uncertainty & Value of Information
  • 37 terms
  • Editor reviewed

2 terms

One-Way Sensitivity AnalysisOWSA, Univariate Sensitivity Analysis

One-way sensitivity analysis is a deterministic method that changes one model input at a time across a specified range while holding all other inputs at their base-case values.

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Optimal Sample SizeENBS-Based Sample Size, Efficient Sample Size Choice

A study sample size selected to meet a stated design objective, such as adequate power or precision, or to maximise the expected value of information after accounting for research costs and decision delays.

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