Misunderstanding Making Decisions in the Presence of Uncertainty
Herding Cats
MARCH 11, 2017
To know how much margin or reserve for irreducible uncertainties and performance of the of the redundancies we now need to know. For our credible estimate, we must have a desired and measurable: Precision - how small is the variance of the estimate? Accuracy - how close is the estimate to the actual value?
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