Home >  Term: uncertainty
uncertainty

1. In general, the incompleteness of knowledge about the states and processes in nature; 2. In statistics and risk analysis, refers to the estimated amount (or percentage) by which an observed or calculated value may differ from the true value; 3. Lack of perfect knowledge of many factors that affect stock assessments, estimation of biological reference points, and management.

0 0

Creator

  • J Thomas
  •  (Silver) 887 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.