Introduction to Decision-Analytical Models and the Markov Model

Decision analytical models are used to inform a decision process, and are used when direct observation is difficult. One of these models that is commonly used is the Markov Model.

After the completion of this course participants will be able to:

• Describe decision analytical models.
• Describe the basic mechanics of the Markov model.
• Determine when it is appropriate to use a Markov approach.
• Construct a Markov model for assessing the economic value of a health care technology.
• Apply these concepts to a real-world problem.

The access period once enrolled into the course is 30 days from the date of purchase. After this duration, you will need to re-enroll if you wish to re-enter the course.

Time to complete – approximately 1 hour