Definition:Uncertainty/Sources

Definition

There are two main sources of uncertainty:

Uncertainty caused by Randomness

Uncertainty caused by randomness is caused by physical conditions that cannot be controlled.

Uncertainty caused by Incomplete Knowledge

Uncertainty caused by incomplete knowledge is caused by physical conditions that are not fully understood.

Sources

• 1963: Alexander M. Mood and Franklin A. Graybill: Introduction to the Theory of Statistics (2nd ed.) ... (previous) ... (next): Chapter $1$: Introduction: $1.1$. Statistics