Difference between revisions of "Expert Based Models"
From Open Risk Manual
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== See Also == | == See Also == | ||
* [[Informal Risk Management]] | * [[Informal Risk Management]] | ||
+ | * [[Expert Judgement]] | ||
== References == | == References == |
Revision as of 13:21, 27 October 2021
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