Understanding EVSI and EVPI in Decision Analysis

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#analytics #simulation #riskanalysis #decisiontree #decisionmaking #decisionanalysis #expectedvalue
This video introduces EVSI (Expected Value of Sample Information) and EVPI (Expected Value of Perfect Information) which are important concepts in decision analysis.

💻 Decision Analysis videos

💻 Other Business Analytics topics
  1. Online Business Analytics
  2. sampling distribution
  3. central limit theorem
  4. business statistics
  5. intro to statistics
  6. AP statistics
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