Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which level of uncertainty involves situations where there are a limited set of plausible futures, system models, outcomes, or weights, and probabilities cannot be assigned to them?
Which level of uncertainty involves situations where there are a limited set of plausible futures, system models, outcomes, or weights, and probabilities cannot be assigned to them?
- Level 2 uncertainty
- Level 1 uncertainty
- Level 4 uncertainty
- Level 3 uncertainty (correct)
What is the core approach used in traditional scenario analysis?
What is the core approach used in traditional scenario analysis?
- Predicting the future with high accuracy
- Assigning probabilities to different scenarios
- Using Level 1 and Level 2 tools
- Identifying policies that will produce favorable outcomes in a few specific, plausible future worlds (correct)
What are the future worlds called in scenario analysis?
What are the future worlds called in scenario analysis?
- Scenarios (correct)
- Predictions
- Outcomes
- Models
What type of models do analysts use in scenario analysis?
What type of models do analysts use in scenario analysis?
Signup and view all the answers
What is the 'best' policy in scenario analysis?
What is the 'best' policy in scenario analysis?
Signup and view all the answers
Flashcards are hidden until you start studying
