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Table 3 Model performance based on the estimation sample (n = 1001)

From: Estimating EQ-5D utilities based on the Short-Form Long Term Conditions Questionnaire (LTCQ-8)

 

EQ-5D-5L utility

Model rank

EQ-5D-3L utility

Model rank

Model

MSE (MAE)

MSE

MAE

MSE (MAE)

MSE

MAE

1. OLS

0.0390 (0.1486)

2

2

0.0525 (0.1732)

2a

3

2. Tobit

0.0397 (0.1490)

4

3

0.0536 (0.1744)

5

5

3. CLAD

0.0436 (0.1566)

7

9

0.0574 (0.1808)

7

7

4. GLM (Gamma; Log link)

0.0414 (0.1515)

6

5

0.0540 (0.1742)

6

4

5. GLM (Gaussian; Log link)

0.0399 (0.1527)

5

6

0.0533 (0.1747)

4

6

6. Fractional logit

0.0392 (0.1492)

3

4

0.0525 (0.1724)

2a

2

7. Two-part model with OLS

0.0384 (0.1474)

1

1

0.0516 (0.1716)

1

1

8. Two-part model with beta regression

0.0473 (0.1575)

10

10

0.0903 (0.2157)

10

10

9. Multinomial logit

0.0451 (0.1550)

8

7

0.0675 (0.1972)

8

8

10. Ordered logit

0.0458 (0.1563)

9

8

0.0705 (0.1999)

9

9

  1. OLS Ordinary Least Square, GLM Generalised Linear Model, MSE Mean Squared Error, MAE Mean Absolute Error
  2. atied