What is the minimax regret criterion? When is using this criterion best?

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Mar 03, 2024 07:01 AM

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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

Statistics For Business And Financial Economics

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