DEGREES OF FREEDOM
It is the number of values in a study that are free to vary. Degrees of freedom are commonly discussed in relation to chi-square and other forms of hypothesis testing statistics. For example, if you have to take ten different courses to graduate, and only ten different courses are offered, then you have nine degrees of freedom. There are two types of chi square tests: the goodness-of-fit test and the test of independence.
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Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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