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Spieth's year so far, added to the natural uncertainty about what state McIlroy's game will be in, justify the young Texan's status as favourite.
James's formula, though, takes into account the natural uncertainty of the future -- the farther from 3,000 a player is, the less certain he is to reach it, even if he starts his career as prodigiously as Pujols did.
Natural uncertainty stems from variability of the underlying stochastic process.
Moreover, some sources may not have been accurate, for instance, there is a natural uncertainty in the time chronic dermatitis or malignancy can be said to be present.
Natural uncertainty is incorporated in the distribution function of the annual maximum series from which the flood design criteria (e.g. annual failure probability, AFP) is derived.
Fuzziness reflects the lack of sufficient information about the system, described by the fuzzy variable, while randomness is derived from the natural uncertainty in the system, characterized by stochastic variable.
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aleatory or natural uncertainties or randomness and, epistemic or man-induced or technological uncertainties.
Electricity systems are constantly exposed to geopolitical, techno-economic and natural uncertainties that may endanger security of supply.
A distinction should be made between (1) aleatory or natural uncertainties or randomness and, (2) epistemic or man-induced or technological uncertainties. .
It is postulated that natural uncertainties are inherent to the specific process and they cannot be reduced by use of an improved method or more sophisticated model.
Water management faces uncertainties arising from (1) natural uncertainties such as trends and extreme weather events; (2) social uncertainties due to shifts in human response and values; (3) technological uncertainties through modelling future states and impact (e.g. Haasnoot et al., 2011).
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