What is the maximin criterion? When is it best to use the maximin criterion?
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What is the maximin criterion? When is it best to use the maximin criterion?
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The maximin criterion also known as the minimax regret criterion is a decisionmaking approach used u...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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