Definition of Input-output tables

Input-output tables

tables that indicate how much each industry requires of the production of each other
industry in order to produce each dollar of its own output.

Mortality tables

tables of probability that individuals of various ages will die within one year.

input-output coefficient

a number (prefaced as a multiplier
to an unknown variable) that indicates the rate at which each
decision variable uses up (or depletes) the scarce resource

Full-Employment Output

The level of output produced by the economy when operating at the natural rate of unemployment.

National Output

GDP.

Output Gap

The difference between full employment output and current output.

Potential Output or Potential GDP

output produced when the economy is operating at its natural rate of unemployment.

Mortality Tables

This is a statistical table used by life insurance companies showing the probability of death of male and females at all ages.

Morbidity Tables

These are statistical tables used by life insurance companies showing the probability of disease of male and females at all ages.

Coefficient of determination

A measure of the goodness of fit of the relationship between the dependent and
independent variables in a regression analysis; for instance, the percentage of variation in the return of an
asset explained by the market portfolio return.

Correlation coefficient

A standardized statistical measure of the dependence of two random variables,
defined as the covariance divided by the standard deviations of two variables.

Information Coefficient (IC)

The correlation between predicted and actual stock returns, sometimes used to
measure the value of a financial analyst. An IC of 1.0 indicates a perfect linear relationship between predicted
and actual returns, while an IC of 0.0 indicates no linear relationship.

Correlation Coefficient

A measure of the tendency of two variables to change values
together

coefficient of correlation

a measure of dispersion that indicates the degree of relative association existing between two variables

coefficient of determination

a measure of dispersion that
indicates the “goodness of fit” of the actual observations
to the least squares regression line; indicates what proportion
of the total variation in y is explained by the regression model

coefficient of variation

a measure of risk used when the standard deviations for multiple projects are approximately
the same but the expected values are significantly different

Correlation coefficient

A statistic in which the covariance is scaled to a
value between minus one (perfect negative correlation) and plus one (perfect
positive correlation).

Beta coefficient

A measurement of the extent to which the returns on a given stock move with stock market.

Mortality Rate

The death rates for various age groups of the population.

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