Mastering Determinism and Level 1 Uncertainty

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5 Questions

Which level of uncertainty involves situations where historical data can be used as predictors of the future?

Level 1 uncertainty

In Level 2 uncertainty, what is assumed about the system model or its inputs?

They can be described probabilistically

What can be assigned to the alternative futures in Level 2 uncertainty?

Probabilities

Which level of uncertainty involves situations where one admits not being absolutely certain?

Level 1 uncertainty

What type of decisions are generally involved in Level 1 uncertainty?

Short-term decisions

Test your knowledge on determinism and level 1 uncertainty with this quiz. Explore situations involving short-term decisions and learn how to measure and handle uncertainty.

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