What is the Turkish Lira (TRY)? The Turkish lira is the official currency of Northern Cyprus and Turkey. The new Turkish lira is the second issue that was introduced at the beginning of 2005. It is the same as 1 million of the previous Turkish lira. During the 2005 revaluation, the legislation deducted the last…
What is the Indian Rupee (INR)? The Indian rupee refers to India’s national currency and is represented by ISO code INR. It is regulated by the Reserve Bank of India (RBI), the country’s central bank. The Indian rupee is named after the “rupiya,” a silver coin issued for the first time in the 16th century….
What is the Australian Dollar (AUD)? The Australian dollar refers to Australia’s official currency and is abbreviated as AUD. It is also the official currency of several regions, such as Norfolk Island, Christmas Island, and Keeling Islands. It is also currently used as the official currency by three sovereign Pacific Island nations – Nauru, Kiribati,…
What is the Swiss Franc (CHF)? The Swiss franc refers to Switzerland’s national currency and is represented by ISO code CHF. It was formally recognized as Switzerland’s currency in May 1850, replacing many currencies provided by its numerous member states. Switzerland consists of 26 member states, and German, Italian, French, and Romansh are its four…
What is a Minimum Lease Payment? The minimum lease payment is the minimum amount a lessee can pay over the term or lifetime of the lease. The present value of minimum lease payments determines the value of the lease, which is then recorded in the accounting books of a company. Minimum lease payments are also…
What are Historical Returns? The historical return of a financial asset, such as a bond, stock, security, index, or fund, is its past rate of return and performance. The historical data is commonly used in financial analysis to project future returns or determine what variables may impact future returns and the extent to which the…
What is a Harvest Strategy? A harvest strategy is a calculated decision to minimize all types of spending on a specific product to maximize profitability, despite a potential decline in market share. A harvesting strategy can be developed for product or business lines and serves as an “exit” plan should a product become outdated. Harvesting…
What is Random Sampling? Random sampling, or probability sampling, is a sampling method that allows for the randomization of sample selection, i.e., each sample has the same probability as other samples to be selected to serve as a representation of an entire population. Random sampling is considered one of the most popular and simple data…
What is Lognormal Distribution? A lognormal distribution is common in statistics and probability theory. Lognormal distribution is also known as the Galton or Galton’s distribution, being named after Francis Galton, a statistician during the English Victorian Era. By definition, the lognormal distribution is the discrete and ongoing distribution of a random variable, the logarithm of…
