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Busıness Decısıon Models
BUSINESS DECISION MODELS (İŞLETME KARAR MODELLERİ) - (İNGİLİZCE) Dersi Decision Making Under Risk soru cevapları
BUSINESS DECISION MODELS (İŞLETME KARAR MODELLERİ) - (İNGİLİZCE) Dersi Decision Making Under Risk soru detayı:
SORU:
What is the procedure in the use of Bayes’ theorem in solving a decision problem?
CEVAP:
firstly the prior probability distribution of the parameters to be estimated according to the subjective and objective information obtained is determined. Then, the distribution of the parameters after the information is determined according to the additional information obtained from the sample and the type of movement which gives a maximum profit or minimum cost value according to this distribution is determined.