Economics

Economics

basics of economics

Industry: Economy

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Economics

Standard deviation

Economy; Economics

A measure of how far a variable moves over time away from its average (mean) value.

Standard error

Economy; Economics

A measure of the possible error in a statistical estimate.

There are lies, damned lies and statistics, said Benjamin Disraeli, a British prime minister. Certainly, even if the result of number crunching is statistically significant, it does not actually mean ...

Sterilised intervention

Economy; Economics

When a government or central bank buys or sells some of its reserves of foreign currency this can affect the country's money supply. Selling reserves decreases the supply of the domestic currency; ...

Sticky prices

Economy; Economics

Petrol-pump prices do not change every time the oil price changes, and holiday prices and standard hotel rates are fixed for months. Sticky prices are slow to change in response to changes in supply ...

Stochastic process

Economy; Economics

A process that exhibits random behavior. For instance, Brownian motion, which is often used to describe changes in share prices in an efficient market (the random walk), is a stochastic process.

Stocks

Economy; Economics

Another term for shares. What are called ordinary shares in the UK are known as common stock in the United States. It is also another word for inventories of goods held by a firm to meet future ...