Presentation: Exponential Average

December 2015
Topics: Decision Support (General), Decision Support Systems, Economics, Mathematics
Dr. Brian K. Schmidt, The MITRE Corporation
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When making decisions that involve a number of measures of success, it is common to combine the measures into a single overall measure using a weighted average. Unfortunately, this approach can lead to "optimal" decisions in which some capabilities are overdeveloped while others are neglected. This may be called the Imbalance Problem. This presentation describes a more general type of average, called the exponential average, which avoids this problem.

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