Examlex
Give two examples of product bundle pricing.
Prediction Value
A forecasted numerical value derived from statistical analysis or models, indicating a future outcome.
Cost Of Information
The expense incurred in acquiring data necessary for decision-making, including collection, processing, and analysis costs.
Payoff Table
A tabular representation of the outcomes or payoffs associated with each possible action and state of nature, used in decision-making processes.
Prior Probabilities
The probabilities of different outcomes or hypotheses as assessed before taking into account new evidence or data.
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