A PRIORI PROBABILITY
It is the probability that is calculated through examining current and existing information logically. In other words, A Priori Probability is the conclusion derived by using deductive reasoning instead of making calculations and research. One of the limitations of this method is the situation where the decision can be applied is very limited, as there are different scenarios in different cases.
POPULAR TERMS
Growth Accounting
Technique of assessing a set of economic techniques or theories to identify the specific factor(s) influencing an economy’s growth. Areas fre ...
Zero-Sum Game
Zero-Sum Game refers to a situation wherein the gains of a participant is another participant’s losses. The gains shall only amount to how mu ...
Character Loan
Unsecured loan based on the borrower’s reputation and/or credit history. Normally, they can obtain only small loans through this method. If t ...
Terence Conran
Founder and Chairman of Conran Holdings Ltd., London-based design firm. His career began when he worked with Rayon Centre as textile designer in 19 ...
Short-Term Investments
Short-Term Investments is an account that is composed the investments of the company that has an expiration date of one year or less. Typically, th ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
A Guide to Your Personal Income Tax: Avoid Awful Surprises
Who loves to be surprised by the Internal Revenue Services? No one (unless it is a tax refund). The federal agency has its way of shocking taxpayer ...
A Guide to Your Personal Income Tax: Steps to Take before April 15
Taxpayers, remember these two dates when filing your tax return: December 31 and April 15. We have previously discussed what to do before the year ...
Starting Your Own Small Business: Choosing What You Want to Sell
Some people say that the only real way to get rich is by starting your own business. However, this is untrue; there are a lot of reasons to start y ...
Renovate or Move?
You have a well-furnished home with a garden full of flowers and plants. Imagine sharing your beautiful abode, which has four bedrooms, a kitchen, ...
Ethical Investing: Leaving an Ethical Imprint
After selecting the rightful ethical investments and making it work, it is about to decide how to disburse your assets after you die. You have two ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | MI Inflation Gauge | Dec | |
| 02:30 | ANZ Jobs Advertisements | Dec | |
| 05:05 | Trade Balance | Dec | |
| 10:00 | SECO Consumer Confidence | Dec | |
| 23:00 | NZIER Business Confidence | 4 quarter | |
| 01:30 | Westpac Consumer Sentiment | Jan | |
| 01:50 | Bank Lending | Dec | |
| 01:50 | Current Account | Nov | |
| 07:00 | Economy Watchers Survey | Dec |
