Risk Scenes of Managerial Decision-Making with Incomplete Information: An Assessment in Forecasting Models Based on Statistical and Neural Networks Approach
Volume: 3, Issue: 1, Pages: 13 - 13
Published: Jan 1, 2013
Abstract
The paper is concerned with measuring of risks in managerial decision-making. It builds upon the uncertainty of economic information, which is converted into the concept of risk expressed in terms of probability and using confidence intervals and standard deviations of the predicted quantities. The paper explains the relation of a degree of risk expressed by the classical information measure, bit, by the concept of confidence intervals, or...
Paper Details
Title
Risk Scenes of Managerial Decision-Making with Incomplete Information: An Assessment in Forecasting Models Based on Statistical and Neural Networks Approach
Published Date
Jan 1, 2013
Volume
3
Issue
1
Pages
13 - 13
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