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

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