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  2. Error correction model - Wikipedia

    en.wikipedia.org/wiki/Error_correction_model

    The first term in the RHS describes short-run impact of change in on , the second term explains long-run gravitation towards the equilibrium relationship between the variables, and the third term reflects random shocks that the system receives (e.g. shocks of consumer confidence that affect consumption). To see how the model works, consider two ...

  3. RICE chart - Wikipedia

    en.wikipedia.org/wiki/RICE_chart

    An ICE table or RICE box or RICE chart is a tabular system of keeping track of changing concentrations in an equilibrium reaction. ICE stands for initial, change, equilibrium. It is used in chemistry to keep track of the changes in amount of substance of the reactants and also organize a set of conditions that one wants to solve with. [1]

  4. Le Chatelier's principle - Wikipedia

    en.wikipedia.org/wiki/Le_Chatelier's_principle

    In chemistry, Le Chatelier's principle (pronounced UK: / l ə ʃ æ ˈ t ɛ l j eɪ / or US: / ˈ ʃ ɑː t əl j eɪ /) [1] is a principle used to predict the effect of a change in conditions on chemical equilibrium. [2] Other names include Chatelier's principle, Braun–Le Chatelier principle, Le Chatelier–Braun principle or the equilibrium ...

  5. Van 't Hoff equation - Wikipedia

    en.wikipedia.org/wiki/Van_'t_Hoff_equation

    For a reversible reaction, the equilibrium constant can be measured at a variety of temperatures. This data can be plotted on a graph with ln K eq on the y-axis and ⁠ 1 / T ⁠ on the x axis. The data should have a linear relationship, the equation for which can be found by fitting the data using the linear form of the Van 't Hoff equation

  6. Law of mass action - Wikipedia

    en.wikipedia.org/wiki/Law_of_mass_action

    The expression of the rate equations was rediscovered independently by Jacobus Henricus van 't Hoff. The law is a statement about equilibrium and gives an expression for the equilibrium constant, a quantity characterizing chemical equilibrium. In modern chemistry this is derived using equilibrium thermodynamics.

  7. Chemical equilibrium - Wikipedia

    en.wikipedia.org/wiki/Chemical_equilibrium

    The concept of chemical equilibrium was developed in 1803, after Berthollet found that some chemical reactions are reversible. [4] For any reaction mixture to exist at equilibrium, the rates of the forward and backward (reverse) reactions must be equal. In the following chemical equation, arrows point both ways to indicate equilibrium. [5]

  8. Thermodynamic equations - Wikipedia

    en.wikipedia.org/wiki/Thermodynamic_equations

    Only one equation of state will not be sufficient to reconstitute the fundamental equation. All equations of state will be needed to fully characterize the thermodynamic system. Note that what is commonly called "the equation of state" is just the "mechanical" equation of state involving the Helmholtz potential and the volume:

  9. Extent of reaction - Wikipedia

    en.wikipedia.org/wiki/Extent_of_reaction

    In physical chemistry and chemical engineering, extent of reaction is a quantity that measures the extent to which the reaction has proceeded. Often, it refers specifically to the value of the extent of reaction when equilibrium has been reached. It is usually denoted by the Greek letter ξ.