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Single-loop regression-based scheme for computing EVPPI
| 1. Generate the probabilistic analysis sample using steps 1-3 of the algorithm for computing EVPI (algorithm 1). |
| 2. For each of the decision options, regress the estimates of utility on the parameter values of the target parameter(s) of interest. |
| 3. Calculate the regression fitted values for each decision option. |
| 4. Follow steps 5-8 of algorithm 1 for computing EVPI. |
