The two authors measure the proximity of one product to another based on the probability that a country makes both.
The probability of loss obviously declines with multiple sites but the mathematics of that probability are still based on the probability of loss at each individual site.
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"If you made your business decisions based on the probability of these fires happening, you wouldn't do any more than what we did originally, " says Susan Cischke, Ford's chief safety engineer.
And as to your point, I think disclosure will help people understand the real values so that you put a number on what you think the current present value of this asset is, based on the probability of holding it to maturity.
Retailers also continue to experience a higher average probability of default, based on the Sageworks probability of default model, a predictive statistical model for the credit analysis of small or privately held companies.
Bierman said the construction sector has also made gains in creditworthiness in recent months, based on the average probability of default as calculated by Sageworks.
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In relation to data revisions, a member of the committee, Domenico Giannone, has calculated based on the size of previous revisions that the probability that, after revision, GDP in 2012Q2 will be found to exceed GDP in 2011Q3 is about 5%.
The monthly Consumer Confidence Survey, based on a probability-design random sample, is conducted for The Conference Board by Nielsen.
The most established technology related to tracking social media comes from Autonomy's Intelligent Data Operating Layer (IDOL) platform, which has been scanning the Internet using techniques based on patterns and probability for more than a decade.
Therefore, the convention among academic researchers is that it is ok, and you can claim your conclusion based on only a sample of observations, as long as the probability that you are wrong is no bigger than 5%.
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Then apply a probability to each scenario, based on your impression of the likelihood of its occurring.
Not necessarily a better method, but an alternative method that will focus on probability of victory rather than the margin of victory based on resources in hand.
Ongoing relationships with community banks have also helped Sageworks develop a statistically based model predicting the probability that, within a year, a business will default on a loan.
Put your hand behind your back, and Natal's probability logic locates your avatar's arm the same way, based on the motion of your body.
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