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The PHIA Probability
Yardstick
Most intelligence judgements have some degree of uncertainty associated with them. The
intelligence assessment community use terms such as ‘unlikely’ or ‘probable’ to convey this. These
terms are used instead of numerical probabilities e.g. 55% to avoid interpretation of judgements
as being overly precise, as most intelligence judgements are not based on quantitative data.
A Yardstick establishes what these terms approximately correspond to in numerical probability.
This ensures that readers understand a judgement as the analyst intends. The rigourous use
of a Yardstick also ensures that analysts themselves make clear judgements and avoid the
inappropriate use of terms that imply a judgement without being clear what it is (e.g. ‘if x were to
occur, then y might happen’).
The Professional Head of Intelligence Assessment Probability Yardstick splits the probability scale
into seven ranges. Terms are assigned to each probability range.
source
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The PHIA Probability
Yardstick
Most intelligence judgements have some degree of uncertainty associated with them. The
intelligence assessment community use terms such as ‘unlikely’ or ‘probable’ to convey this. These
terms are used instead of numerical probabilities e.g. 55% to avoid interpretation of judgements
as being overly precise, as most intelligence judgements are not based on quantitative data.
A Yardstick establishes what these terms approximately correspond to in numerical probability.
This ensures that readers understand a judgement as the analyst intends. The rigourous use
of a Yardstick also ensures that analysts themselves make clear judgements and avoid the
inappropriate use of terms that imply a judgement without being clear what it is (e.g. ‘if x were to
occur, then y might happen’).
The Professional Head of Intelligence Assessment Probability Yardstick splits the probability scale
into seven ranges. Terms are assigned to each probability range.
source
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Following this, Sebi, in an order passed in January 2022, established that the administrators of a Telegram channel having a large subscriber base enticed the subscribers to act upon recommendations that were circulated by those administrators on the channel, leading to significant price and volume impact in various scrips. Crude oil prices edged higher after tumbling on Thursday, when U.S. West Texas intermediate slid back below $110 per barrel after topping as much as $130 a barrel in recent sessions. Still, gas prices at the pump rose to fresh highs. "We're seeing really dramatic moves, and it's all really tied to Ukraine right now, and in a secondary way, in terms of interest rates," Octavio Marenzi, CEO of Opimas, told Yahoo Finance Live on Thursday. "This war in Ukraine is going to give the Fed the ammunition, the cover that it needs, to not raise interest rates too quickly. And I think Jay Powell is a very tepid sort of inflation fighter and he's not going to do as much as he needs to do to get that under control. And this seems like an excuse to kick the can further down the road still and not do too much too soon." In the United States, Telegram's lower public profile has helped it mostly avoid high level scrutiny from Congress, but it has not gone unnoticed. And indeed, volatility has been a hallmark of the market environment so far in 2022, with the S&P 500 still down more than 10% for the year-to-date after first sliding into a correction last month. The CBOE Volatility Index, or VIX, has held at a lofty level of more than 30.
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