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.

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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