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In modern economic literature, the most common measure of a taxpayer's loss from a distortionary tax, such as a tax on bicycles, is the equivalent variation, the maximum amount that a taxpayer would be willing to forgo in a lump sum to avoid the tax. The deadweight loss can then be interpreted as the difference between the equivalent variation ...
Data envelopment analysis (DEA) is a nonparametric method in operations research and economics for the estimation of production frontiers. [1] DEA has been applied in a large range of fields including international banking, economic sustainability, police department operations, and logistical applications [2] [3] [4] Additionally, DEA has been used to assess the performance of natural language ...
Moody's products include Market Implied Ratings (MIR) and Expected Default Frequency (EDF) software packages. MIR applies Moody's ratings scale to credit and equity market price signals so users can identify investment opportunities; EDF estimates a company's credit default probability based on quantitative factors including market capitalization, equity, volatility and capital structure. [35]
Revolution Analytics – production-grade software for the enterprise big data analytics; RStudio – GUI interface and development environment for R; ROOT – an open-source C++ system for data storage, processing and analysis, developed by CERN and used to find the Higgs boson; Salstat – menu-driven statistics software
A data economy is a global digital ecosystem in which data is gathered, organized, and exchanged by a network of companies, individuals, and institutions to create economic value. [1] [2] The raw data is collected by a variety of factors, including search engines, social media websites, online vendors, brick and mortar vendors, payment gateways ...
Quid, Inc. is a private software and services company, specializing in text-based data analysis. Quid software can read millions of documents (e.g. news articles, blog posts, company profiles, and patents) and offers insight by organizing that content visually.
Statistica is a suite of analytics software originally developed by StatSoft and acquired by Dell in March 2014. The software includes an array of data analysis, data management, data visualization, and data mining procedures; as well as a variety of predictive modeling, clustering, classification, and exploratory techniques. [2]
Data valuation is a discipline in the fields of accounting and information economics. [1] It is concerned with methods to calculate the value of data collected, stored, analyzed and traded by organizations. This valuation depends on the type, reliability and field of data.