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.
- Part of Speech: noun
- Industry/Domain: Fishing
- Category: Marine fishery
- Organization: NOAA
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Creator
- J Thomas
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