Uncertainty: Or incertitude refers to situations involving imperfect

Uncertainty or incertitude refers to situations involving imperfect or unknown information. It applies to predictions of future events, to physical measurements that are already made, or to the unknown, and is particularly relevant for decision-making. Uncertainty arises in partially observable or stochastic or complex or dynamic environments, as well as due to ignorance, indolence, or both. [1] It arises in any number of fields, including insurance, philosophy, physics, statistics ... Uncertainty refers to the lack of certainty or sureness about the future outcomes of events. It is an inherent characteristic of economic activity, influencing decisions made by individuals, businesses, and governments. Learn the meaning of uncertainty as a noun, with examples and usage. Uncertainty can refer to the quality or state of being doubtful or unknown, or to something that is uncertain. The meaning of UNCERTAINTY is the quality or state of being uncertain : doubt. How to use uncertainty in a sentence. Synonym Discussion of Uncertainty .