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Cost and Cost-Effectiveness Analysis in Health

question 1 of 20 course: Bachelor of Science in Health Services Management and Planning
question 1 of 20 course: Bachelor of Science in Health Services Management and Planning

Q: In cost-effectiveness analysis, a treatment is said to be 'dominated' if another treatment is both more expensive and less effective.

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Correct specification means the model includes all relevant variables, has the correct functional form, and satisfies the CLRM assumptions. If the model is misspecified (e.g., omitting a key variable), OLS estimates are biased.

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Did You Know?

Correct specification means the model includes all relevant variables, has the correct functional form, and satisfies the CLRM assumptions. If the model is misspecified (e.g., omitting a key variable), OLS estimates are biased.

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