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Residual Sum Of Squares - RSS

A statistical technique used to measure the amount of variance in a data set that is not explained by the regression model. The residual sum of squares is a measure of the amount of error remaining between the regression functi ...

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Finance for Individuals
Finance for Individuals
Significance of Shaping Kids` Financial Literacy
Financial literacy begins at home. Parents play a significant role in educating their children about money, as it can affect how they will handle their finances in the future.
Financial Literacy
Financial Literacy
Economies of Scale: Overview
Economist Alfred Marshall differentiated the internal and external economies of a scale. In simplest terms, internal economies of scale arises from within the company; external economies of scale o ccurs from extraneous factors including industry size.
Investment Instruments
Investment Instruments
Why ETFs are Good for Young Investors
Young investors, if you want to diversify your portfolio, invest in ETFs. Let this article tell you why. Since its introduction in the late 1980s and early 1 990s, the available exchange-traded funds have expanded, encompassing each asset class such as bonds, commodities, currencies, international investments, real estate, and stocks.
Money Smart
Money Smart
Go-to Websites to Get Free Credit Reports
Credit Karma Credit Karma does not require credit card to check your credit reports. The scores come from Equifax and TransUnion, which use the VantageScore 3.0 system fo r assessing the creditworthiness of a person.
Special Features on Finance
Special Features on Finance
Rationale to Obtain Umbrella Insurance
There is a notion the umbrella insurance is only for rich people. But Mitch Freedman, CPA and personal financial specialist, said as long as a person can earn a livelihood, he or she should secure a coverage.
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