Related Experiment Videos
Towards a better QALY model
José-María Abellán-Perpiñán1, José-Luis Pinto-Prades, Ildefonso Méndez-Martínez
1Department of Applied Economics, University of Murcia, Spain.
Abstract:
This paper presents a test of the predictive validity of various classes of QALY models (i.e. linear, power and exponential models). We first estimated TTO utilities for 43 EQ-5D chronic health states and next these states were embedded in nonchronic health profiles. The chronic TTO utilities were then used to predict the responses to TTO questions with nonchronic health profiles. We find that the power QALY model clearly outperforms linear and exponential QALY models. Optimal power coefficient is 0.65. Our results suggest that TTO-based QALY calculations may be biased. This bias can be corrected using a power QALY model.
Related Concept Videos
Detection of Gross Error: The Q Test
Testing a Claim about Standard Deviation
The hypothesis testing for the claim of population standard deviation (or variance) requires the data and samples to be random and unbiased. The population distribution also must be normal. There is no specific requirement on the sample size as the estimation is based on the chi-square distribution.
As a first step, the hypothesis (null and alternative) concerning the claim about...
Qualitative Analysis
There are two main approaches to qualitative analysis:...
Qualitative Analysis
For instance, group IV...