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Questions and Answers
Which level of uncertainty involves situations where historical data can be used as predictors of the future?
Which level of uncertainty involves situations where historical data can be used as predictors of the future?
- Level 2 uncertainty
- Level 1 uncertainty (correct)
- Level 3 uncertainty
- Level 4 uncertainty
In Level 2 uncertainty, what is assumed about the system model or its inputs?
In Level 2 uncertainty, what is assumed about the system model or its inputs?
- They are irrelevant
- They are completely uncertain
- They are predictable with certainty
- They can be described probabilistically (correct)
What can be assigned to the alternative futures in Level 2 uncertainty?
What can be assigned to the alternative futures in Level 2 uncertainty?
- Uncertainties
- Certainties
- Probabilities (correct)
- Values
Which level of uncertainty involves situations where one admits not being absolutely certain?
Which level of uncertainty involves situations where one admits not being absolutely certain?
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What type of decisions are generally involved in Level 1 uncertainty?
What type of decisions are generally involved in Level 1 uncertainty?
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