Expected value: Difference between revisions
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imported>Doug Williamson (Restrict discussion to the use in forecasting.) |
imported>Doug Williamson (Layout.) |
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In relation to forecasting, the average of all possible future results, weighted by the respective probabilities of each possible result. | In relation to forecasting, the average of all possible future results, weighted by the respective probabilities of each possible result. | ||
== See also == | == See also == | ||
* [[Arithmetic mean]] | * [[Arithmetic mean]] | ||
* [[Coefficient of variation]] | * [[Coefficient of variation]] | ||
Revision as of 12:04, 13 May 2016
In relation to forecasting, the average of all possible future results, weighted by the respective probabilities of each possible result.
