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Markov Cohort Simulation in Excel

This was my first Health Economics data analysis project, where I used a YouTube video to guide me through the process of Markov Cohort Simulation.

For each model, I created a Transition Matrix, as well as ‘Pay-offs’, where I detailed the Costs and QALYs for each state. There were 1000 patients in each model, as well as 40 cycles generated.


This document shows the calculations for each model.



 
 
 

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