Health Policy in Ageing Populations: Economic Modeling of Chronic Disease Policy Options in Australia




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Model Validation, Generalisability and Limitations

Pp. 66-75 (10)

Agnes E.G. Walker

Abstract

To be credible, a model such as HealthAgeingMod needs to be validated against external benchmarks, its limitations need to be identified, and the extent of its generalisability needs to be explained. To the extent possible, credibility should be widely established among, for example, potential users, researchers, medical practitioners, policy developers and health administrators. This Chapter summarises work carried out to establish credibility, in addition to the work that had been reported in a peer reviewed Journal [37].

Keywords:

Model validation, alignment against benchmark statistics, base-year and projection period output validations, model generalisability, limitattions, credibility of results, potential users.

Affiliation:

Australian Centre for Economic Research on Health, Australian National University, Australia