Imprecise probabilities, Advanced Statistics

Imprecise probabilities is an approach used by soft techniques in which uncertainty is represented by the closed, convex sets of probability distributions and the probability of an event is speci?ed as the interval of possible values rather than only as the precise one. The amount of imprecision is the difference between the upper and lower probabilities de?ning the interval. 

Posted Date: 7/28/2012 8:46:17 AM | Location : United States







Related Discussions:- Imprecise probabilities, Assignment Help, Ask Question on Imprecise probabilities, Get Answer, Expert's Help, Imprecise probabilities Discussions

Write discussion on Imprecise probabilities
Your posts are moderated
Related Questions
An oil company is considering whether or not to bid for an offshore drilling contract. If they bid, the value would be $600m with a 65% chance of gaining the contract. The company

Randomization tests are the procedures for determining the statistical significance directly from the data with- out recourse to some particular sampling distribution. For instanc

Uncertainty analysis is the process for assessing the variability in the outcome variable that is due to the uncertainty in estimating the values of input parameters. A sensitivit

Formal graphical representation of the "causal diagrams" or the "path diagrams" where the  relationships are directed but acyclic (that is no feedback relations allowed). Plays an

Probabilistic matching is a method developed to maximize the accuracy of the linkage decisions based on the level of agreement and disagreement among the identifiers on different

difference between histogram and historigram

The initial evaluation of the set of observations to see whether or not they appear to satisfy the hypotheses or assumptions of the methods to be used in their analysis. Techniques

Using World Bank (2004) World Development Indicators; Washington: International Bank for Reconstruction & Development/ The World Bank, located in the reference section of the Learn

The division of a sample of observations into several classes, together with the number of observations in each of them.  It acts as a useful summary of the main features of the da

Continuous variable : The measurement which is not restricted to the particular values except in so far as this is constrained by the accuracy of measuring instrument. General exam