Mastering Level 3 Uncertainties and Scenario Analysis Quiz
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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?

  • Level 2 uncertainty
  • Level 1 uncertainty
  • Level 4 uncertainty
  • Level 3 uncertainty (correct)

    • 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?

  • Scenarios (correct)
  • Predictions
  • Outcomes
  • Models

    • What type of models do analysts use in scenario analysis?

    <p>Best-estimate models based on the most up-to-date scientific knowledge</p> Signup and view all the answers

    What is the 'best' policy in scenario analysis?

    <p>The policy that produces the most favorable outcomes across all scenarios</p> Signup and view all the answers

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