The phrase
"measure of uncertainty" refers to a way of quantifying or evaluating how uncertain or unclear a situation or information is. It helps in understanding the level of doubt or unpredictability associated with certain factors or outcomes.
Full definition
If you payoff your debts, or at least the high and variable - rate variety, you'll be removing a
large measure of uncertainty from your life.
The quality of these decisions can be improved if they are also informed by
measures of uncertainty about the forecast, including estimates of the value of waiting for updated, more accurate, forecasts.
In a complete statistical analysis, the validation step should also include the calculation
of measures of uncertainty, which gives an idea of the confidence one should place in the reconstructed record.
Also, the model - based approach
includes measures of uncertainty about our population estimates, which are not usually provided by more common approaches and are crucial for understanding the level of confidence we have about our estimates.»
In metrology, measuring sticks must be traceably calibrated against standard tools of measurement, which must further be traced to primary standards based on physical constants, such as units of wavelength of light that have
low measures of uncertainty.
Having an
additional measure of uncertainty added to the already existing uncertainty of whether people riding bikes will or won't stop at stop signs, likely would not be an addition to the challenges and responsibilities of driving, people that drive would welcome.
The distinction between the assumptions used to reconstruct temperatures and the additional assumptions required to generate
statistical measures of the uncertainty of such reconstructions is critical.
By combining information from multiple observation - based data sets, GCMs and RCMs, the model obtains an estimate and
measure of uncertainty for the average temperature, temporal trend, as well as the variability of seasonal average temperatures.
To identify characteristics of firms that attract activist short sellers, he examines 12 indicators of stock overvaluation and nine
measures of uncertainty about firm prospects.
Lindsay comments, «with nonstationary statistics, the standard error of the fit over past years is not a good
measure of the uncertainty in the prediction.»
As we look forward to 2018, our analysis suggests that many of
these measures of uncertainty may increase.
But there is
a measure of uncertainty: what generally works for the majority of patients, even the overwhelming majority, may not work in an individual case.
Using a representative sample of 20 different methods for predicting extreme sea levels the researchers focused intensely on
the measures of uncertainty that accompany any prediction, but that are particularly vexing in the analysis of extremes.
Using a hierarchical model, the authors combine information from these various sources to obtain an ensemble estimate of current and future climate along with an associated
measure of uncertainty.
As one
measure of the uncertainties, the review's arch critic, Yale University economist Robert Mendelsohn, now says it will be more like tens of billions of dollars in a study that the World Bank has been dithering about publishing.
Of the 796 papers manually reviewed by the Ioannidis team that contained empirical data, only 111 reported effect sizes and only 18 reported confidence intervals (
a measure of the uncertainty about the magnitude of the effect).
As such, NAEP results are subject to
a measure of uncertainty, reflected in the standard error of the estimates.
Also consider the fact that the Federal Reserve is likely going to start raising interest rates this year, and that will create volatility and
some measure of uncertainty for all fixed income assets.
S will exist until the deal is consummated, and you should expect the price to approach 1/9.75 the price of TMUS, less a bit for some uncertainty about the deal actually happening (with the amount less
a measure of that uncertainty).
You should have
a measure of uncertainty and perplexity.»
Example: ``... water storage capacity in a region, taking into account that the supply of the resource, the flow into the reserve, is uncertain, that
a measure of the uncertainty, the variance, is likely to increase with climate change...
The exact size of the reserves of a field will be known only on the day when it is finally abandoned; until then,
some measure of uncertainty will always surround the number.
The last point emphasizes the need for further development and analysis of probabilistic forecast ranges and
measures of uncertainty, critical to future efforts.
The shading indicates
a measure of uncertainty about future sea level for two different scenarios — a low emissions scenario where carbon emissions are rapidly cut (blue RCP 2.6) and a high emissions scenario with no carbon cuts (red RCP 8.5).