Unlimited learning, half price | 50% off
Get 50% off unlimited learning

decision (version 0.1.0)

Statistical Decision Analysis

Description

Contains a function called dmur() which accepts four parameters like possible values, probabilities of the values, selling cost and preparation cost. The dmur() function generates various numeric decision parameters like MEMV (Maximum (optimum) expected monitory value), best choice, EPPI (Expected profit with perfect information), EVPI (Expected value of the perfect information), EOL (Expected opportunity loss), which facilitate effective decision-making.

Copy Link

Version

Install

install.packages('decision')

Monthly Downloads

235

Version

0.1.0

License

GPL (>= 2)

Maintainer

Partha Bishnu

Last Published

April 5th, 2016