Billion and Stochastic: Difference between pages

Latest revision as of 14:00, 8 April 2021

Spreadsheets and models.

Describing a model or process containing one or more random components.

As opposed to a deterministic model.

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+''Spreadsheets and models.''
-One thousand million (1,000,000,000 or 10<sup>9</sup>).
+Describing a model or process containing one or more random components.
-For example
+As opposed to a deterministic model.
-EUR 456 billion = EUR 456,000,000,000.
-Often abbreviated to 'bn' or 'Bn'.  For example EUR 456bn.
+== See also ==
+* [[Deterministic]]
+* [[Financial model]]
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+* [[Heuristic]]
+* [[Model]]
-Historically in the UK and some other countries, 'billion' used to refer mathematically to 1,000,000,000,000 (or 10<sup>12</sup>).
+* [[Monte Carlo method]]
+* [[Simulation]]
-This historical usage never became well-established in finance, and is now - for most practical purposes - defunct.
+* [[Spreadsheet]]
+* [[Stochastic simulation]]
+* [[Tab]]
+* [[Workbook]]
+[[Category:Knowledge_and_information_management]]
-== See also ==
-* [[Trillion]]
-* [[Milliard]]
-*[[Quadrillion]]