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The dual use of the word "duration", as both the weighted average time until repayment and as the percentage change in price, often causes confusion. Strictly speaking, Macaulay duration is the name given to the weighted average time until cash flows are received and is measured in years. Modified duration is the name given to the price ...
t Y = 365.259 6358 days is the length of time in an anomalistic year: the time interval between two successive passages of the periapsis; λ p = Λ − M, is the ecliptic longitude of the periapsis; t is dynamical time, the independent variable in the theory.
A unit of time is any particular time interval, used as a standard way of measuring or expressing duration. The base unit of time in the International System of Units (SI), and by extension most of the Western world , is the second , defined as about 9 billion oscillations of the caesium atom.
The term jiffy is sometimes used in computer animation as a method of defining playback rate, with the delay interval between individual frames specified in 1/100 of a second (10 ms) jiffies, particularly in Autodesk Animator.FLI sequences (one global frame frequency setting) and animated Compuserve.GIF images (each frame having an individually ...
The term "average length of stay" (ALOS) is also applicable to other industries, e.g. entertainment, event marketing, trade show and leisure. ALOS is used to determine the length of time an attendee is expected to spend on a site or in a venue and is part of the calculation used to determine the gross sales potential for selling space to vendors etc. and affects everything from parking to ...
Duration of a project's terminal element is the number of calendar periods it takes from the time the execution of element starts to the moment it is completed.. Duration should not be confused with work. E.g. it takes three days for a snail-mail letter to arrive at point B from point A, whereas the work put into mailing it may be 0.5 hours.
In the International System of Units (SI), the unit of time is the second (symbol: s). It has been defined since 1967 as "the duration of 9 192 631 770 periods of the radiation corresponding to the transition between the two hyperfine levels of the ground state of the caesium 133 atom", and is an SI base unit. [12]
This view of time corresponds to a digital clock that gives a fixed reading of 10:37 for a while, and then jumps to a new fixed reading of 10:38, etc. In this framework, each variable of interest is measured once at each time period. The number of measurements between any two time periods is finite.