Tag: important
David Ricardo
DefinitionDavid Ricardo was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James...
Data Smoothing
What is data smoothing and why do we need it
Data smoothing is a technique used to reduce the noise or random fluctuations in data....
Data Mining
DefinitionData mining is the process of discovering patterns in large data sets involving methods at the intersection of machine learning, statistics, and database systems....
Economic Growth
DefinitionEconomic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally...
Gross Domestic Product
DefinitionGross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period.GDP...
Risk Tolerance
DefinitionIn economics and finance, risk aversion is the behavior of humans, when exposed to uncertainty, in attempting to lower that uncertainty. It is the...
Credit Default Swap
DefinitionA credit default swap is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a...
Law of Diminishing Marginal Returns
DefinitionIn economics, diminishing returns is the decrease in the marginal output of a production process as the amount of a single factor of production...
Liquidity
DefinitionIn business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without...
Balance Sheet
DefinitionIn financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization, whether...