How to Build a Decision Tree Model in Excel

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I explain step-by-step how you can build a simple decision tree model in Excel which allows you to derive cost-effectiveness results and run sensitivity analysis 🌳📊
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PHARMA GLOSSARY 🔍
A free tool to decode industry terms, abbreviations, and acronyms in pharma. Explore it here:
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TIMECODES ⏰
0:00 Intro
0:28 The Scenario: Follow-Up Care Strategies for Cancer Care
1:58 Creating the Decision Tree in Excel: The Setup
3:45 Creating the Decision Tree in Excel: The Build
5:35 Entering Parameters in Excel
7:33 Generating Results
8:55 Calculating ICERs and Plotting Incremental Cost-Effectiveness
10:34 Running One-Way Sensitivity Analysis (OWSA)
12:39 Summary & Call to Action
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REFERENCES 📚
Gray, A. M., Clarke, P. M., Wolstenholme, J. L., & Wordsworth, S. (2010). Applied methods of cost-effectiveness analysis in healthcare (Vol. 3). OUP Oxford.
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TEMPLATES 🗂️
Download the Excel file I used for this Tutorial here:
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HASHTAGS 🏷️
#Excel #DecsionTree #CostEffectiveness

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Thank you so much, this video is a blessing! It came at the right time.

mimiojiakor

Thank you very much for this helpful video.

MilanaKrstin

Thanks a lot 👍 it's very useful. Can you create a video on NMA?

AnsamNailBeddor

This is amazing! Thanks, Mirko. I already loved the last Markov model one, and now this one. Thanks for making things so easy for students like me.

furqan_akazi

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