Special Cause Variation


 

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Special Cause Variation

Variation in the process that is assignable to a specific cause or causes. It arises because of special circumstances.



Similar Matches

Variation margin

Variation margin

Profits and losses on open futures contracts, which are revalued daily at the settlement price, which are subsequently paid to or received from the clearing house.


Deed of variation

Deed of variation

A document allowing beneficiaries to vary the gifts specified in someone's will even after the giver's death.


Process Variation

Process Variation

The spread of process output over time. There is variation in every process, and all variation is caused. The causes are of two types: special or common. A process can have both types of variation at the same time or only common cause variation. The management action necessary to improve the process is very different in each situation.


Coefficient of Variation

Coefficient of Variation

A measure of investment risk that defines risk as the standard deviation per unit of expected return.


Equivalent variation

Equivalent variation

The 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 Suggestions

Special and Common Cause System of Variation
Trading variation
Compensating variation
Common Cause System of Variation


 
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