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Uncertainty - Coggle Diagram
Uncertainty
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Statistical Methods
Hypothesis testing, regression analysis, Monte Carlo simulation.
Computational Techniques
Machine learning, optimization algorithms.
Visualization Tools
Graphs, charts, and maps to represent uncertainty.
Software
R, Python, MATLAB, RISK, Crystal Ball.
Definition and Overview
The state of being uncertain, where outcomes or events are not known or predictable.
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Importance
Critical in decision-making, risk management, and forecasting.
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