National Centre for Pharmacoeconomics

National Centre for
Pharmacoeconomics

NCPE Ireland

Base Case

Analysis conducted using the set of preferred methods most appropriate for the decision-maker

Bayesian Method

A branch of statistics that uses prior information based on subjective opinion and objective evidence, such as the results of previous research, for estimation and inference

Bias

Bias is any distorting influence that makes the results of a study an inaccurate reflection of the true situation

Blinding

When patients, investigators, researchers and/or assessors are kept unaware of the allocation of treatments (investigational agent or control) to participants in a study

Budget Impact Analysis

Estimates the financial consequences of adoption and diffusion of a new health-care intervention within a specific health-care setting or system context given inevitable resource constraints.