{"product_id":"probabilistic-forecasts-and-optimal-decisions-roman-krzysztofowicz-9781394221868","title":"Probabilistic Forecasts and Optimal Decisions","description":"\u003cp\u003e\u003cb\u003eAccount for uncertainties and optimize decision-making with this thorough exposition\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eDecision theory is a body of thought and research seeking to apply a mathematical-logical framework to assessing probability and optimizing decision-making. It has developed robust tools for addressing all major challenges to decision making. Yet the number of variables and uncertainties affecting each decision outcome, many of them beyond the decider's control, mean that decision-making is far from a \"solved problem\". The tools created by decision theory remain to be refined and applied to decisions in which uncertainties are prominent. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eProbabilistic Forecasts and Optimal Decisions\u003c\/i\u003e introduces a theoretically-grounded methodology for optimizing decision-making under conditions of uncertainty. Beginning with an overview of the basic elements of probability theory and methods for modeling continuous variates, it proceeds to survey the mathematics of both continuous and discrete models, supporting each with key examples. The result is a crucial window into the complex but enormously rewarding world of decision theory. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eProbabilistic Forecasts and Optimal Decisions\u003c\/i\u003e readers will also find: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eExtended case studies supported with real-world data\u003c\/li\u003e \u003cli\u003eMini-projects running through multiple chapters to illustrate different stages of the decision-making process\u003c\/li\u003e \u003cli\u003eEnd of chapter exercises designed to facilitate student learning\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eProbabilistic Forecasts and Optimal Decisions\u003c\/i\u003e is ideal for advanced undergraduate and graduate students in the sciences and engineering, as well as predictive analytics and decision analytics professionals.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Roman Krzysztofowicz\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 139422186X\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781394221868\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/25\/2024\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 576\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 3.00lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 10.00h x 8.00w x 1.25d\u003c\/p\u003e","brand":"Roman Krzysztofowicz","offers":[{"title":"Hardcover","offer_id":46384044212479,"sku":"9781394221868","price":117.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_35d06ae2-d30f-406a-98cd-4aba1d862a1a.jpg?v=1733282512","url":"https:\/\/www.whiterainbookhouse.com\/products\/probabilistic-forecasts-and-optimal-decisions-roman-krzysztofowicz-9781394221868","provider":"WR Book House","version":"1.0","type":"link"}