Threshold AnalysisThreshold Analysis Method, Switching-Value Analysis
A sensitivity analysis technique identifying the value at which an input parameter would need to be set for a model's conclusion to change.
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
Tornado DiagramTornado Plot, Tornado Chart
A horizontal bar chart displaying one-way sensitivity analysis results, bars ranked from largest to smallest range, resembling a tornado shape.
Two-Way Sensitivity AnalysisTwo-Way Sensitivity, Bivariate Sensitivity Analysis
An analysis varying two parameters together across a grid of combinations, typically shown as a contour plot or heat map of results.
UncertaintyImperfect Knowledge, Incomplete Information
A general term describing imperfect knowledge of the true values, structure, or methodological choices underlying a health economic model.
Value of Information AnalysisApplied Value of Information, VOI Study, VOI Analysis
The application of value of information methods to a health economic decision, typically used to judge whether further research is worth conducting.