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The expected utility hypothesis is a foundational assumption in mathematical economics concerning decision making under uncertainty. It postulates that rational agents maximize utility, meaning the subjective desirability of their actions. Rational choice theory, a cornerstone of microeconomics, builds this postulate to model aggregate social ...
Power Tab Editor is a freeware tablature authoring tool created by Brad Larsen for Windows. It is used to create guitar, bass and ukulele tablature scores, among many others. The current version uses the *.ptb file format. The Power Tab Editor is able to import MIDI tracks, and can export to ASCII Text, HTML, and MIDI formats.
Cash flow forecasting is the process of obtaining an estimate of a company's future cash levels, and its financial position more generally. [1] A cash flow forecast is a key financial management tool, both for large corporates, and for smaller entrepreneurial businesses. The forecast is typically based on anticipated payments and receivables.
Zero-based budgeting (ZBB) is a budgeting method that requires all expenses to be justified and approved in each new budget period, typically each year. It was developed by Peter Pyhrr in the 1970s. This budgeting method analyzes an organization's needs and costs by starting from a "zero base" (meaning no funding allocation) at the beginning of ...
YNAB has been named one of the best budgeting apps by U.S. News & World Report, Kiplinger's Personal Finance, CNN, HuffPost, CNBC, and hundreds of other financial reporting outlets. [10] The Wall Street Journal - Best budgeting app for hands-on budgeters. [11] Forbes - Best Budgeting Apps [12] Money - Best budgeting app for college students. [13]
The probability of an event is a non-negative real number: where F is the event space. It follows (when combined with the second axiom) that P E is always finite, in contrast with more general measure theory. Theories which assign negative probability relax the first axiom.
The CBO forecast in April 2020 that the budget deficit in fiscal year 2020 would be $3.7 trillion (17.9% GDP), versus the January estimate of $1 trillion (4.6% GDP). CBO also forecast the unemployment rate would rise to 16% by Q3 2020 and remain above 10% in both 2020 and 2021. [93]
Appearance. Axiomatic design is a systems design methodology using matrix methods to systematically analyze the transformation of customer needs into functional requirements, design parameters, and process variables. [ 1 ] Specifically, a set of functional requirements (FRs) are related to a set of design parameters (DPs) by a Design Matrix A ...