What is the minimax regret criterion? When is using this criterion best?
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What is the minimax regret criterion? When is using this criterion best?
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The minimax regret criterion often mistakenly called the maximin criterion is a decisionmaking approach used under conditions of uncertainty It aims t...View the full answer
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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