Subjective Point Prediction Algorithm for Decision Analysis

  • Published : 1983.04.01

Abstract

An uncertain dynamic evolving process has been a continuing challenge to decision problems. The dynamic random variable (drv) changes which characterize such a process are very important for the decision-maker in selecting a course of action in a world that is perceived as uncertain, complex, and dynamic. Using this subjective point prediction algorithm based on a modified recursive filter, the decision-maker becomes to have periodically changing plausible points with the passage of time.

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