
Cost-effectiveness Analysis
Cost-effectiveness analysis (CEA) is a type of economic evaluation that compares the costs and outcomes of different interventions. In the context of data science and artificial intelligence, CEA can be used to evaluate the cost-effectiveness of using different algorithms or models to solve a particular problem. CEA involves calculating the cost per unit of outcome (such as cost per life saved or cost per quality-adjusted life year gained) for each intervention being compared. This allows decision-makers to identify which intervention provides the greatest health benefit for the lowest cost. CEA can also be used to compare the cost-effectiveness of different data sources or data collection methods.
Your Previous Searches
Random Picks
- Version Control: Version control is a system that records changes to a file or set of files over time so that you can recall specific versions later. It allows you to keep track of modifications made to code or documents, and to collaborate with others on a ... Read More >>
- Blind Source Separation: Blind Source Separation is a technique used in data science and artificial intelligence to separate mixed signals or sources without any prior knowledge about the sources or the mixing process. It is a challenging problem that arises in var ... Read More >>
- Sampling: Sampling is the process of selecting a subset of individuals or observations from a larger population to estimate or infer characteristics about the whole population. In data science, sampling is a crucial technique used to collect data fro ... Read More >>
Top News
Employees were already freaked out about AI — Amazon just proved them right...
Amazon CEO Andy Jassy acknowledged in a Tuesday statement what many workers have been scared of: Artificial intelligence will soon mean job cuts....
News Source: Business Insider on 2025-06-18

Trump’s purges come for the U.S.’ nuclear safety board...
Donald Trump’s efforts to strip federal agencies and commissions of their independence took an alarming step Monday, when the president fired one of the five commissioners who sit on the Nuclear Reg...
News Source: MSNBC on 2025-06-17

Amazon says it will reduce its workforce as AI replaces human employees | CNN Bu...
Amazon says it will reduce its workforce as AI replaces human employees | CNN Businesscnn.com...
News Source: CNN on 2025-06-17

Amazon’s Jassy says AI will reduce company’s corporate ranks...
Andy Jassy expects the company’s workforce to decline in the next few years....
News Source: Fortune on 2025-06-17
Bank of America is bullish on these 4 under-the-radar AI stocks...
Investors interested in the AI trade beyond the Magnificent Seven should look into these four stocks with breakout growth potential....
News Source: Business Insider on 2025-06-17