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Parametric Family
In mathematics and its applications, a parametric family or a parameterized family is a indexed family, family of objects (a set of related objects) whose differences depend only on the chosen values for a set of parameters. Common examples are parametrized (families of) Function (mathematics), functions, probability distributions, curves, shapes, etc. In probability and its applications For example, the probability density function of a random variable may depend on a parameter . In that case, the function may be denoted f_X( \cdot \, ; \theta) to indicate the dependence on the parameter . is not a formal argument of the function as it is considered to be fixed. However, each different value of the parameter gives a different probability density function. Then the ''parametric family'' of densities is the set of functions \ , where denotes the parameter space, the set of all possible values that the parameter can take. As an example, the normal distribution is a family ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mathematics
Mathematics is a field of study that discovers and organizes methods, Mathematical theory, theories and theorems that are developed and Mathematical proof, proved for the needs of empirical sciences and mathematics itself. There are many areas of mathematics, which include number theory (the study of numbers), algebra (the study of formulas and related structures), geometry (the study of shapes and spaces that contain them), Mathematical analysis, analysis (the study of continuous changes), and set theory (presently used as a foundation for all mathematics). Mathematics involves the description and manipulation of mathematical object, abstract objects that consist of either abstraction (mathematics), abstractions from nature orin modern mathematicspurely abstract entities that are stipulated to have certain properties, called axioms. Mathematics uses pure reason to proof (mathematics), prove properties of objects, a ''proof'' consisting of a succession of applications of in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cobb Douglas
Cobb may refer to: People * Cobb (surname), a list of people and fictional characters with the surname Cobb * Cobb Rooney (1900–1973), American professional football running back Places New Zealand * Cobb River * Cobb Reservoir * Cobb Power Station United Kingdom * The Cobb, the harbour wall in Lyme Regis, England United States * Cobb, California, a census designated place * Cobb, former name of Pine Grove, Lake County, California * Cobb Mountain, California * Cobb County, Georgia * Cobb, Georgia, an unincorporated community * Cobb, Indiana, an unincorporated town * Cobb, Kentucky, an unincorporated community * Cobb, Oklahoma, an unincorporated community * Cobb Peak (Idaho) * Cobb Peak, Tooele County, Utah * Cobb River (Minnesota) * Cobb, St. Clair County, Missouri, an unincorporated community * Cobb, Stoddard County, Missouri, an unincorporated community * Cobb, Texas, an unincorporated community * Mount Cobb, Washington County, Vermont, Vermont * Cobb Town, Wisconsi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indexed Family
In mathematics, a family, or indexed family, is informally a collection of objects, each associated with an index from some index set. For example, a family of real numbers, indexed by the set of integers, is a collection of real numbers, where a given function selects one real number for each integer (possibly the same) as indexing. More formally, an indexed family is a mathematical function together with its domain I and image X (that is, indexed families and mathematical functions are technically identical, just points of view are different). Often the elements of the set X are referred to as making up the family. In this view, an indexed family is interpreted as a collection of indexed elements, instead of a function. The set I is called the ''index set'' of the family, and X is the ''indexed set''. Sequences are one type of families indexed by natural numbers. In general, the index set I is not restricted to be countable. For example, one could consider an uncountabl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constant Term
In mathematics, a constant term (sometimes referred to as a free term) is a term in an algebraic expression that does not contain any variables and therefore is constant. For example, in the quadratic polynomial, :x^2 + 2x + 3,\ The number 3 is a constant term. After like terms are combined, an algebraic expression will have at most one constant term. Thus, it is common to speak of the quadratic polynomial :ax^2+bx+c,\ where x is the variable, as having a constant term of c. If the constant term is 0, then it will conventionally be omitted when the quadratic is written out. Any polynomial written in standard form has a unique constant term, which can be considered a coefficient of x^0. In particular, the constant term will always be the lowest degree term of the polynomial. This also applies to multivariate polynomials. For example, the polynomial :x^2+2xy+y^2-2x+2y-4\ has a constant term of −4, which can be considered to be the coefficient of x^0y^0, where the va ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coefficient
In mathematics, a coefficient is a Factor (arithmetic), multiplicative factor involved in some Summand, term of a polynomial, a series (mathematics), series, or any other type of expression (mathematics), expression. It may be a Dimensionless quantity, number without units, in which case it is known as a numerical factor. It may also be a constant (mathematics), constant with units of measurement, in which it is known as a constant multiplier. In general, coefficients may be any mathematical expression, expression (including Variable (mathematics), variables such as , and ). When the combination of variables and constants is not necessarily involved in a product (mathematics), product, it may be called a ''parameter''. For example, the polynomial 2x^2-x+3 has coefficients 2, −1, and 3, and the powers of the variable x in the polynomial ax^2+bx+c have coefficient parameters a, b, and c. A , also known as constant term or simply constant, is a quantity either implicitly attach ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quadratic Equation
In mathematics, a quadratic equation () is an equation that can be rearranged in standard form as ax^2 + bx + c = 0\,, where the variable (mathematics), variable represents an unknown number, and , , and represent known numbers, where . (If and then the equation is linear equation, linear, not quadratic.) The numbers , , and are the ''coefficients'' of the equation and may be distinguished by respectively calling them, the ''quadratic coefficient'', the ''linear coefficient'' and the ''constant coefficient'' or ''free term''. The values of that satisfy the equation are called ''solution (mathematics), solutions'' of the equation, and ''zero of a function, roots'' or ''zero of a function, zeros'' of the quadratic function on its left-hand side. A quadratic equation has at most two solutions. If there is only one solution, one says that it is a double root. If all the coefficients are real numbers, there are either two real solutions, or a single real double root, or two comple ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Algebra
Algebra is a branch of mathematics that deals with abstract systems, known as algebraic structures, and the manipulation of expressions within those systems. It is a generalization of arithmetic that introduces variables and algebraic operations other than the standard arithmetic operations, such as addition and multiplication. Elementary algebra is the main form of algebra taught in schools. It examines mathematical statements using variables for unspecified values and seeks to determine for which values the statements are true. To do so, it uses different methods of transforming equations to isolate variables. Linear algebra is a closely related field that investigates linear equations and combinations of them called '' systems of linear equations''. It provides methods to find the values that solve all equations in the system at the same time, and to study the set of these solutions. Abstract algebra studies algebraic structures, which consist of a set of mathemati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quadratic Equation Coefficients
In mathematics, the term quadratic describes something that pertains to squares, to the operation of squaring, to terms of the second degree, or equations or formulas that involve such terms. ''Quadratus'' is Latin for ''square''. Mathematics Algebra (elementary and abstract) * Quadratic function (or quadratic polynomial), a polynomial function that contains terms of at most second degree ** Complex quadratic polynomials, are particularly interesting for their sometimes chaotic properties under iteration * Quadratic equation, a polynomial equation of degree 2 (reducible to 0 = ''ax''2 + ''bx'' + ''c'') * Quadratic formula, calculation to solve a quadratic equation for the independent variable (''x'') * Quadratic field, an algebraic number field of degree two over the field of rational numbers * Quadratic irrational or "quadratic surd", an irrational number that is a root of a quadratic polynomial Calculus * Quadratic integral, the integral of the reciprocal of a second-de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Factors Of Production
In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services. The utilised amounts of the various inputs determine the quantity of output according to the relationship called the production function. There are four ''basic'' resources or factors of production: land, labour, capital and entrepreneur (or enterprise). The factors are also frequently labeled "producer goods or services" to distinguish them from the goods or services purchased by consumers, which are frequently labeled "consumer goods". There are two types of factors: ''primary'' and ''secondary''. The previously mentioned primary factors are land, labour and capital. Materials and energy are considered secondary factors in classical economics because they are obtained from land, labour, and capital. The primary factors facilitate production but neither become part of the product (as with raw materials) nor become significantly tran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elasticity (economics)
In economics, elasticity measures the responsiveness of one economic variable to a change in another. For example, if the price elasticity of the demand of a good is −2, then a 10% increase in price will cause the quantity demanded to fall by 20%. Elasticity in economics provides an understanding of changes in the behavior of the buyers and sellers with price changes. There are two types of elasticity for demand and supply, one is inelastic demand and supply and the other one is elastic demand and supply. Introduction The concept of price elasticity was first cited in an informal form in the book ''Principles of Economics (Marshall book), Principles of Economics'' published by the author Alfred Marshall in 1890. Subsequently, a major study of the price elasticity of supply and the price elasticity of demand for US products was undertaken by Joshua Levy and Trevor Pollock in the late 1960s. Elasticity is an important concept in neoclassical economic theory, and enables in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Production Function
In economics, a production function gives the technological relation between quantities of physical inputs and quantities of output of goods. The production function is one of the key concepts of mainstream economics, mainstream neoclassical economics, neoclassical theories, used to define marginal product and to distinguish allocative efficiency, a key focus of economics. One important purpose of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors, while abstracting away from the technological problems of achieving technical efficiency, as an engineer or professional manager might understand it. For modelling the case of many outputs and many inputs, researchers often use the so-called Shephard's distance functions or, alternatively, directional distance functions, which are generalizations of the simple production function in economics. In macroeconomics, aggregate produc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cobb–Douglas Production Function
In economics and econometrics, the Cobb–Douglas production function is a particular functional form of the production function, widely used to represent the technological relationship between the amounts of two or more inputs (particularly physical capital and labor) and the amount of output that can be produced by those inputs. The Cobb–Douglas form was developed and tested against statistical evidence by Charles Cobb and Paul Douglas between 1927 and 1947; according to Douglas, the functional form itself was developed earlier by Philip Wicksteed. Formulation In its most standard form for production of a single good with two factors, the function is given by: : Y(L,K)=AL^\beta K^\alpha where: * ''Y'' = total production (the real value of all goods produced in a year or 365.25 days) * ''L'' = labour input (person-hours worked in a year or 365.25 days) * ''K'' = capital input (a measure of all machinery, equipment, and buildings; the value of capital input divided by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
