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GuidelinesPublication 2011Calibrating Models in Economic Evaluation
This article provides guidance on the theoretical underpinnings of different calibration methods used for mathematical …
This article provides guidance on the theoretical underpinnings of different calibration methods used for mathematical models for economic evaluations. The calibration process is divided into seven steps and different potential methods at each step are discussed, focusing on the particular features of disease models in economic evaluation. The seven steps are (i) Which parameters should be varied in the calibration process? (ii) Which calibration targets should be used? (iii) What measure of goodness of fit…
Mathematical Models | Calibration/Validation | Health/Medicine -
GuidelinesPublication 2012Model Transparency and Validation: A Report of the ISPOR-SMDM Modeling Task Force-7
This paper discusses how to improve trust in the use of health care models through …
This paper discusses how to improve trust in the use of health care models through validation and transparency. Validation involves face validity (wherein experts evaluate model structure, data sources, assumptions, and results), verification or internal validity (check accuracy of coding), cross validity (comparison of results with other models analyzing same problem), external validity (comparing model results to real-world results), and predictive validity (comparing model results with prospectively observed events). Recommendations are provided for nontechnical description…
Costing Methods | Health Outcomes | Mathematical Models | Calibration/Validation | Health/Medicine
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