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from hubpages.com
Outpacing the risks that they measure. Your trusted source for risk. The increasing popularity of risk indices demands a careful study of risk indices and the best ways. A prospective model defines the explanatory variables from a base period to predict the risk score in a later target period, typically the next. A risk index provides a comparative score that reflects the level of risk in various areas by combining exposure, vulnerability, and capacity. In the national risk index, risk is defined as the potential for negative impacts as a result of a natural hazard. Risk index measures the average losses for a homogeneous group of risks, used for risk pricing purposes. As defined here, risk indexing is the process of modeling and scoring chemical hazard and exposure parameters to produce a rapid and. The risk equation behind the.
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