Unit 2: The Forecast is Always wrong, Video 5: Flaw of Averages 1-the Concept

Name: Unit 2: The Forecast is Always wrong, Video 5: Flaw of Averages 1-the Concept
Uploaded: 2022-09-28T20:07:38Z
Duration: 4 min 40 s
Description: This discussion defines the concept of the Flaw of Averages, the mathematically false assumption that if we use average values of inputs into the system, we will obtain the average value of the system performance.

4:40

Up Next

Unit 2: The Forecast is Always wrong, Video 6: Flaw of Averages 2-the Consequences

Continue

This discussion defines the concept of the Flaw of Averages, the mathematically false assumption that if we use average values of inputs into the system, we will obtain the average value of the system performance.