Objective probability(redirected from Calculable Chance of Loss)
Also found in: Medical.
The true unobservable underlying odds that something is so.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The likelihood of the outcome of any event based upon recorded measurements rather than subjective analysis. Objective probability is considered more accurate than subjective estimates, thought it should be noted that analysts often rely on subjectivity just as much. Objective probability is important to both technical analysis and fundamental analysis.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved