Using of Non-Numeric, Non-Exact and Non-Complete Information for Alternatives’ Probabilities Estimation
A method of alternatives’ probabilities estimation under deficiency of numeric information (obtained from different sources) is proposed. The method is based on the well known Bayesian model of uncertainty randomization. Additional non-numeric, non-exact, and non-complete information about the sources’ significance are used for final estimation of the alternatives’ probabilities. Some examples of the method application to commodities’ prices and currencies rates dynamics forecasting are presented.
|Date of creation:||Sep 2011|
|Contact details of provider:|| Postal: Niels Bohrs Vej 9, 6700 Esbjerg|
Phone: +45 6550 2233
Fax: +45 6550 1090
Web page: http://degit.sam.sdu.dk/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:deg:conpap:c016_010. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jan Pedersen)
If references are entirely missing, you can add them using this form.