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Although Markov cohort models represent one of the most common forms of decision-analytic models used in health care decision-making, correct implementation of such models requires reliable estimation of transition probabilities. This study sought to identify consensus statements or guidelines that detail how such transition probability matrices should be estimated.

clinicoeconomics and outcomes research

Current recommendations on the estimation of transition probabilities in Markov cohort models for use in health care decision-making: a targeted literature review