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The conditional portion of this phrase refers to the fact that this function is conditional on a given level of output, so output is one argument of the function. Typically this concept arises in a long run context in which both labor and capital usage are choosable by the firm, so a single optimization gives rise to conditional factor demands ...
Conditional convergence: A country's income per worker converges to a country-specific long-run level as determined by the structural characteristics of that country. The implication is that structural characteristics, and not initial national income, determine the long-run level of GDP per worker.
If the conditional distribution of given is a continuous distribution, then its probability density function is known as the conditional density function. [1] The properties of a conditional distribution, such as the moments , are often referred to by corresponding names such as the conditional mean and conditional variance .
Given two events A and B from the sigma-field of a probability space, with the unconditional probability of B being greater than zero (i.e., P(B) > 0), the conditional probability of A given B (()) is the probability of A occurring if B has or is assumed to have happened. [5]
Unconditional convergence is often defined in an equivalent way: A series is unconditionally convergent if for every sequence () =, with {, +}, the series = converges. If X {\displaystyle X} is a Banach space , every absolutely convergent series is unconditionally convergent, but the converse implication does not hold in general.
And that means moving from conditional approval to unconditional or full approval. To get there, you need to meet all of the conditions the lender has laid out. In many cases, it simply means ...
The unconditional expectation of rainfall for an unspecified day is the average of the rainfall amounts for those 3652 days. The conditional expectation of rainfall for an otherwise unspecified day known to be (conditional on being) in the month of March, is the average of daily rainfall over all 310 days of the ten–year period that fall in ...
In fact, it can be shown that the unconditional analysis of matched pair data results in an estimate of the odds ratio which is the square of the correct, conditional one. [2] In addition to tests based on logistic regression, several other tests existed before conditional logistic regression for matched data as shown in related tests. However ...