Unit 9: Value of Information, Video 1: Concept of Test

Name: Unit 9: Value of Information, Video 1: Concept of Test
Uploaded: 2022-09-28T20:07:25Z
Duration: 8 min 23 s
Description: New information has value because it allows us to learn about the probability of future outcomes. A test in this context is any process to collect information: beta testing of product, test marketing, pilot projects, etc.

8:23

New information has value because it allows us to learn about the probability of future outcomes. A test in this context is any process to collect information: beta testing of product, test marketing, pilot projects, etc.