Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are Probability Forecasts and What Do They Mean?

forecasts mean probability
0
Posted

What are Probability Forecasts and What Do They Mean?

0

The degree of certainty can be expressed graphically in the form of a probability curve. Typically the degree of uncertainty is the same on either side of the expected value. Normally distributed probabilities with low (blue curve) and high (red curve) degrees of confidence look something like the curves below.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123