Difference between revisions of "Expert Based Models"
From Open Risk Manual
Wiki admin (talk | contribs) |
(No difference)
|
Revision as of 13:56, 19 November 2019
Definition
Expert Based Models are models that are more or less direct translation of expert knowledge rather than based on quantitative data sources
Usage
Assuming several independent experts are available, expert models can be developed according to a rigorous process similar to more quantitative models
