April 17, 2018 - Boulder, CO, US
EpiX Analytics has published a paper in the April issue of ISPOR's (International Society for Pharmacoeconomics and Outcomes) Value & Outcomes Spotlight journal, entitled Stochastic Modeling in Health Economics and Outcomes Research: Common Mistakes and How to Avoid Them.
According to Dr. Huybert Groenendaal, the lead author of the article, "Very often the common mistakes in stochastic modeling occur because, at first intuition, the incorrect approach seems logical. In this article, we describe why such approaches are incorrect and provide the logical thinking behind the correct approach. We hope that this article helps prevent common mistakes and raises the quality of future stochastic assessments in health economics and outcomes research".