Uncertainty Quantification

Uncertainty Quantification (UQ) is the process of measuring and understanding how confident or uncertain we are about the predictions or results of a model or system. It involves analyzing the potential errors, variability, and incomplete information to provide a clearer picture of what to expect. UQ helps decision-makers assess risks, make informed choices, and improve model reliability by not just giving a single answer but indicating the range and likelihood of possible outcomes. This approach is crucial in fields like engineering, finance, and science, where understanding uncertainty influences planning and safety.