A base case analysis usually refers to the results obtained from running an economic model with the most likely or preferred set of assumptions and input values. Sensitivity analyses may then be used to explore how the results deviate from those of the base case analysis when input values and/or modelling assumptions are altered. ‘Reference case’ (analysis) may be used as an alternative to base case analysis, especially where analysts are directed to a standard set of modelling assumptions by an HTA organisation such as NICE.
How to cite: Base Case Analysis [online]. (2016). York; York Health Economics Consortium; 2016. https://yhec.co.uk/glossary/reference-case/