Methods for Probabilistic Uncertainty Analysis and Bayesian Analysis with Examples of Statistically Analyzing Data to Revise MMOD Risk Estimates and Compare Models

Abstract: Probabilistic methods are presented for characterizing and quantifying uncertainties in models and model predictions. Techniques are given for constructing specific uncertainty distributions based on available information. Alternative techniques are given for propagating uncertainties in model inputs to obtain the uncertainty in the model result or prediction. Bayesian techniques are also described for utilizing data and information to update and revise model results and predictions. The focu…