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Special and Common Cause System of Variation |
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Special and Common Cause System of VariationThe collection of variables that produce both common cause variation and special cause variation and the interaction of those variables.Similar MatchesSpecial Cause VariationSpecial Cause VariationVariation in the process that is assignable to a specific cause or causes. It arises because of special circumstances. Coefficient of VariationCoefficient of VariationA measure of investment risk that defines risk as the standard deviation per unit of expected return. Compensating variationCompensating variationAn amount of money that just compensates a person, group, or whole economy, for the welfare effects of a change in the economy, thus providing a monetary measure of that change in welfare. Same as willingness to pay. Contrasts with equivalent variation. Common Cause System of VariationCommon Cause System of VariationThe collection of variables that produce common cause variation and the interaction of those variables. Equivalent variationEquivalent variationThe amount of money that, paid to a person, group, or whole economy, would make them as well off as a specified change in the economy. Provides a monetary measure of the welfare effect of that change that is similar to, but not in general the same as, compensating variation. Further SuggestionsProcess Variationvariation margin deed of variation Trading variation |
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