Standard deviation and Value judgement: Difference between pages

Latest revision as of 16:25, 10 March 2021

1. Economics.

A value judgement is a statement which incorporates subjective and personal opinions.

2.

More broadly, any assessment incorporating non-numerical information to support a decision or conclusion.

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-''Statistics''.
+. ''Economics''.
-(SD).
+A value judgement is a statement which incorporates subjective and personal opinions.
-Standard deviation measures the spread of data around their mean.
-The standard deviation is the square root of the variance.
+.
-Standard deviation is used widely as a measure of risk, because it is relatively easy to calculate, and to compare and combine with the standard deviations of other variables.
+More broadly, any assessment incorporating non-numerical information to support a decision or conclusion.
-Its order of magnitude is the difference, ignoring the sign, between the mean and a randomly chosen item in the population.
 == See also ==
-* [[Coefficient of variation]]
+* [[Judgement]]
-* [[Correlation]]
+* [[Normative statement]]
-* [[Correlation coefficient]]
+* [[Qualitative techniques]]
-* [[Deviation]]
+* [[Quantitative techniques]]
-* [[Hedging]]
-* [[Mean]]
-* [[Mean deviation]]
-* [[Normal frequency distribution]]
-* [[Pearson's Coefficient of Skew]]
-* [[Quartile deviation]]
-* [[Risk]]
-* [[Sigma]]
-* [[Value at risk]]
-* [[Variability]]
-* [[Variance]]
-* [[Volatility]]
-[[Category:Corporate_finance]]
+[[Category:Accounting,_tax_and_regulation]]
-[[Category:Investment]]
+[[Category:The_business_context]]
-[[Category:Identify_and_assess_risks]]
-[[Category:Manage_risks]]
-[[Category:Financial_products_and_markets]]