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A New Statistical Method to Determine the Degree of Validity of Health Economic Model Outcomes against Empirical Data.
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Title
A New Statistical Method to Determine the Degree of Validity of Health Economic Model Outcomes against Empirical Data.
Translated Title
Published in
Value Health 2017; 20(8):1041-7
Abstract
The validation of health economic (HE) model outcomes against empirical data is of key importance. Although statistical testing seems applicable, guidelines for the validation of HE models lack guidance on statistical validation, and actual validation efforts often present subjective judgment of graphs and point estimates.