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ClinicalTrialsPaper/Latex/Paper/sections/04_EconometricModel.tex

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\documentclass[../Main.tex]{subfiles}
\graphicspath{{\subfix{Assets/img/}}}
\begin{document}
%% Describe goal
% Estimate probability distribution of normalized durations and conclusion statuses.
% Explain why this answers questions well.
% How do I propose estimating that?
%%NOTATION
First, some notation:
\begin{itemize}
\item $t,i$ index trial and snapshot of the trial respectively.
\item $S_{it}$ : status (``Terminated'', ``Concluded'')
at the conclusion of the trial
\item $\tau_{it}$ : elapsed percentage of planned duration, i.e. the normalized elapsed duration.
\item $s_{it}$: current status variable(s) describing current trial status as one of:
``Recruiting'', ``Active, not recruiting'', or ``Suspended''
\item $X_{it}$: data describing the trial at the snapshot level
\begin{itemize}
\item number of sponsor changes so far
\item percentage currently enrolled of planned enrolled
\end{itemize}
\item $M_{t}$: data describing market conditions at the time of the snapshot.
\begin{itemize}
\item number of compounds approved for the same indication
\item total number of marketers approved for the same indication
\item number of marketers for this specific compound
\end{itemize}
\item $T_t$: Trial Level Data
\begin{itemize}
\item Indication or indication class
\item Sponsor Type
\end{itemize}
\end{itemize}
Other variables used when selecting trials to include as observations are:
\begin{itemize}
\item Trial Phase\footnote{
Conditioning on previous trials can be as simple as selecting only
phase 2 or phase 3 trials.
}.
\item Does the trial have a Data Monitoring Committee?
\item Are the compounds an FDA regulated drug?
\end{itemize}
The goal is to estimate the probability distribution of conclusion status and duration conditional on the active snapshot status.
\begin{align}
\pr{ t, S | X,M,T} = \sum_{S\in\{\text{Terminated},\text{Concluded}\}} \pr{t|S,X,M,T} \pr{S|X,M,T}
\end{align}
Note how this has two component parts:
\begin{itemize}
\item The survival probability portion $\pr{t|S,X,M,T}$
\item The conclusion status portion $\pr{S|X,M,T}$
\end{itemize}
\end{document}