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A day is the time period of a full rotation of the Earth with respect to the Sun. On average, this is 24 hours. As a day passes at a given location it experiences morning, noon, afternoon, evening, and night. This daily cycle drives circadian rhythms in many organisms, which are vital to many life processes.
In mathematics, a ratio shows how many times one number contains another. For example, if there are eight oranges and six lemons in a bowl of fruit, then the ratio of oranges to lemons is eight to six. Similarly, the ratio of lemons to oranges is 6:8 and the ratio of oranges to the total amount of fruit is 8:14.
The break-even point (BEP) in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. "even". In layman's terms, after all costs are paid for there is neither profit nor loss. In economics specifically, the term has a broader definition; even if there is no net loss or gain, and one has "broken even", opportunity costs have been covered and capital has received the risk-adjusted, expected return. The break-even analysis was developed by Karl Bücher and Johann Friedrich Schär.
Full-time equivalent (FTE), or whole time equivalent (WTE), is a unit of measurement that indicates the workload of an employed person in a way that makes workloads or class loads comparable across various contexts. FTE is often used to measure a worker's or student's involvement in a project, or to track cost reductions in an organization. An FTE of 1.0 is equivalent to a full-time worker or student, while an FTE of 0.5 signals half of a full work or school load.
A company's earnings before interest, taxes, depreciation, and amortization is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It is derived by subtracting from revenues all costs of the operating business but not decline in asset value, cost of borrowing, lease expenses, and obligations to governments.
In economics, nominalvalue refers to value measured in terms of absolute money amounts, whereas real value is considered and measured against the actual goods or services for which it can be exchanged at a given time. Real value takes into account inflation and the value of an asset in relation to its purchasing power.
A timestamp is a sequence of characters or encoded information identifying when a certain event occurred, usually giving date and time of day, sometimes accurate to a small fraction of a second. Timestamps do not have to be based on some absolute notion of time, however. They can have any epoch, can be relative to any arbitrary time, such as the power-on time of a system, or to some arbitrary time in the past.
In probability theory and statistics, the coefficient of variation (CV), also known as normalized root-mean-square deviation (NRMSD), percent RMS, and relative standard deviation (RSD), is a standardized measure of dispersion of a probability distribution or frequency distribution. It is defined as the ratio of the standard deviation to the mean , and often expressed as a percentage ("%RSD"). The CV or RSD is widely used in analytical chemistry to express the precision and repeatability of an assay. It is also commonly used in fields such as engineering or physics when doing quality assurance studies and ANOVA gauge R&R, by economists and investors in economic models, and in psychology/neuroscience.
A townland is a small geographical division of land, historically and currently used in Ireland and in the Western Isles in Scotland, typically covering 100–500 acres (40–202 ha). The townland system is of Gaelic origin, antedating the Norman invasion, and most have names of Irish origin. However, some townland names and boundaries come from Norman manors, plantation divisions, or later creations of the Ordnance Survey. The total number of inhabited townlands in Ireland was 60,679 in 1911. The total number recognised by the Irish Place Names database as of 2014 was 61,098, including uninhabited townlands, mainly small islands.
A price index is a normalized average of price relatives for a given class of goods or services in a given region, during a given interval of time. It is a statistic designed to help to compare how these price relatives, taken as a whole, differ between time periods or geographical locations.
In machine learning, a common task is the study and construction of algorithms that can learn from and make predictions on data. Such algorithms function by making data-driven predictions or decisions, through building a mathematical model from input data. These input data used to build the model are usually divided into multiple data sets. In particular, three data sets are commonly used in different stages of the creation of the model: training, validation, and test sets.
In passenger transportation, available seat miles (ASM) or available seat kilometers (ASK) is a measure of passenger carrying capacity. It is equal to the number of seats available multiplied by the number of miles or kilometers traveled by a vehicle.
A hybrid electric vehicle (HEV) is a type of hybrid vehicle that combines a conventional internal combustion engine (ICE) system with an electric propulsion system. The presence of the electric powertrain is intended to achieve either better fuel economy than a conventional vehicle or better performance. There is a variety of HEV types and the degree to which each functions as an electric vehicle (EV) also varies. The most common form of HEV is the hybrid electric car, although hybrid electric trucks, buses, boats, and aircraft also exist.
The B-segment is the second smallest of the European segments for passenger cars, between the A-segment and C-segment, and commonly described as "small cars". The B-segment is the largest segment in Europe by volume, accounting for 20 percent of total car sales in 2020 according to JATO Dynamics.
Same-store sales is a business term that refers to the difference in revenue generated by a retail chain's existing outlets over a certain period, compared to an identical period in the past, usually in the previous year. By comparing sales data from existing outlets that is, by excluding new outlets or outlets which have since closed, the comparison is like-to-like, and avoids comparing fundamentally incomparable data. This financial and operational metric is expressed as a percentage.
The international dollar, also known as Geary–Khamis dollar, is a hypothetical unit of currency that has the same purchasing power parity that the U.S. dollar had in the United States at a given point in time. It is mainly used in economics and financial statistics for various purposes, most notably to determine and compare the purchasing power parity and gross domestic product of various countries and markets. The year 1990 or 2000 is often used as a benchmark year for comparisons that run through time. The unit is often abbreviated, e.g. 2000 US dollars or 2000 International$.
Demand forecasting is the prediction of the quantity of goods and services that will be demanded by consumers at a future point in time. More specifically, the methods of demand forecasting entail using predictive analytics to estimate customer demand in consideration of key economic conditions. This is an important tool in optimizing business profitability through efficient supply chain management. Demand forecasting methods are divided into two major categories, qualitative and quantitative methods. Qualitative methods are based on expert opinion and information gathered from the field. This method is mostly used in situations when there is minimal data available for analysis such as when a business or product has recently been introduced to the market. Quantitative methods, however, use available data, and analytical tools in order to produce predictions. Demand forecasting may be used in resource allocation, inventory management, assessing future capacity requirements, or making decisions on whether to enter a new market.
A personal computer, often referred to as a PC, is a computer designed for individual use. It is typically used for tasks such as word processing, internet browsing, email, multimedia playback, and gaming. Personal computers are intended to be operated directly by an end user, rather than by a computer expert or technician. Unlike large, costly minicomputers and mainframes, time-sharing by many people at the same time is not used with personal computers. The term home computer has also been used, primarily in the late 1970s and 1980s. The advent of personal computers and the concurrent Digital Revolution have significantly affected the lives of people in all countries.
Impala Platinum Holdings Limited or Implats is a South African holding company that owns several companies which operate mines that produce platinum and platinum group metals, as well as nickel, copper and cobalt. Its most significant mine is the Impala mine in the North West province of South Africa. The company also owns or has interest in the Two Rivers mine and the Marula mine in the South Africa Bushveld Igneous Complex and the Mimosa mine and Zimplats in Zimbabwe, as well as the Impala Refining Services which smelts and refines metals for other companies. In December 2019, Impala Canada was formed, owned by the holding company, out of the acquisition of North American Palladium and its mine in Ontario, Canada.
References
- ↑ "Business Newswires : Euronews : The latest international news as video on demand". Archived from the original on December 19, 2014. Retrieved December 19, 2014.
- ↑ "New Zealand third-quarter growth tempered by weak commodities, to keep central bank sidelined".
- ↑ "QUARTER-ON-QUARTER | meaning in the Cambridge English Dictionary". dictionary.cambridge.org. Retrieved 2020-08-02.
- ↑ "Benefits of QOQ vs. YOY Analysis". www.getfused.com. Retrieved 2020-08-02.