Expected value: Difference between revisions

Revision as of 21:22, 13 August 2013

Statistics.

The arithmetic mean value of any population.
In relation to forecasting, the average of all possible future results, weighted by the respective probabilities of each possible result.

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	# The arithmetic mean value of any population.		# The arithmetic mean value of any population.

	# 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.