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2025-06-13 12:11:54 -04:00

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Uncertainty

The term "uncertainty" refers to the possibility of multiple outcomes.

Aleatory Uncertainty

Aleatory uncertainty is inherent randomness in data that can't be explained away.

Also Known As:

  • statistical uncertainty
  • stochastic uncertainty
  • random error

Epistemic Uncertainty

Epistemic uncertainty is that which arises from a lack of knowledge.

Also Known As:

  • systematic uncertainty
  • model uncertainty