Financial Terms | |
Parameter |
Information about financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit.
Main Page: inventory, investment, inventory control, money, financial advisor, stock trading, finance, credit, Also see related: home insurance, financing, homes, home buyer, home financing, condo, homebuyer, first time homebuyer, mortgage, |
Definition of ParameterParameterA representation that characterizes a part of a model (e.g. a growth rate), the value of which is
Related Terms:Exogenous variableA variable whose value is determined outside the model in which it is used. Also called Measurement errorErrors in measuring an explanatory variable in a regression that leads to biases in Monte-Carlo simulationA mathematical modeling process. For a model that Accounting ErrorsUnintentional mistakes in financial statements. Accounted for by restating Benchmark errorUse of an inappropriate proxy for the true market portfolio. Continuous random variableA random value that can take any fractional value within specified ranges, as decision variablean unknown item for which a linear programming dependent variablean unknown variable that is to be predicted Discrete random variableA random variable that can take only a certain specified set of discrete possible Endogenous variableA value determined within the context of a model. Errors and Omissions InsuranceInsurance coverage purchased by the agent/broker which provides protection against loss incurred by a client because of some negligent act, error, oversight, or omission by the agent/broker. ExogenousAn adjective indicating that something is determined by forces unrelated to the theory determining the variables under investigation. Exogenous ExpenditureSee autonomous expenditure. independent variablea variable that, when changed, will key variablea critical factor that management believes will Net errors and omissionsIn balance of payments accounting, net errors and omissions record the statistical Normal random variableA random variable that has a normal probability distribution. Performance measurementThe calculation of the return realized by a money manager over some time interval. physical measurement allocationa method of allocating a joint cost to products that uses a common physical characteristic as the proration base Random variableA function that assigns a real number to each and every possible outcome of a random experiment. Semi-variable costsCosts that have both fixed and variable components. slack variablea variable used in a linear programming problem Standard errorIn statistics, a measure of the possible error in an estimate. standard error of the estimatea measure of dispersion that reflects the average difference between actual observations and expected results provided by a regression line surplus variablea variable used in a linear programming problem that represents overachievement of a minimum requirement; it is associated with greater-than-or-equal-to constraints Tracking errorIn an indexing strategy, the difference between the performance of the benchmark and the VariableA value determined within the context of a model. Also called endogenous variable. Variable annuitiesAnnuity contracts in which the issuer pays a periodic amount linked to the investment Variable AnnuityA form of annuity policy under which the amount of each benefit is not guaranteed or specified. The amounts fluctuate according to the earnings of a separate investment account. Variable costA cost that is directly proportional to the volume of output produced. When production is zero, Variable costA cost that increases or decreases in proportion with increases or decreases in the volume of production of goods or services. variable costa cost that varies in total in direct proportion Variable costA cost that changes in amount in relation to changes in a related activity. variable cost ratiothe proportion of each revenue dollar Variable costingA method of costing in which only variable production costs are treated as product costs and in which all fixed (production and non-production) costs are treated as period costs. variable costinga cost accumulation and reporting method variable costsCosts that change as the level of output changes. VARIABLE EXPENSESThose that vary with the amount of goods you produce or sell. These may include utility bills, labor, etc. variable expensesExpenses that change with changes in either sales volume Variable life insurance policyA whole life insurance policy that provides a death benefit dependent on the variable overhead efficiency variancethe difference between budgeted variable overhead based on actual input activity and variable overhead applied to production variable overhead spending variancethe difference between total actual variable overhead and the budgeted amount of variable overhead based on actual input activity Variable price securityA security, such as stocks or bonds, that sells at a fluctuating, market-determined price. Variable rate CDsShort-term certificate of deposits that pay interest periodically on roll dates. On each roll Variable rate loanLoan made at an interest rate that fluctuates based on a base interest rate such as the Variable rated demand bond (VRDB)Floating rate bond that can be sold back periodically to the issuer.
Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |