Fixed Annuity
What is a Fixed Annuity? A fixed annuity is an investment product sold by insurance companies that provides guaranteed periodic (typically monthly) income payments to the annuity purchaser. It is essentially an investment intended to provide regular income to an individual following their retirement from the workforce. Understanding Fixed Annuities A fixed annuity refers to…
European Monetary System (EMS)
What is the European Monetary System (EMS)? The European Monetary System (EMS) refers to an arrangement established in 1979, whereby members of the European Economic Community (now the European Union) agreed to link their currencies to encourage monetary stability in Europe. The EMS aimed to create a stable exchange rate for easier trade and cooperation…
European Sovereign Debt Crisis
What is the European Sovereign Debt Crisis? The European Sovereign Debt Crisis refers to the financial crisis that occurred in several European countries due to high government debt and institutional failures. The crisis began in 2009 when Greece’s sovereign debt reportedly reached 113% of GDP – almost twice the limit of 60% set by the…
European Banking Authority (EBA)
What is the European Banking Authority (EBA)? The European Banking Authority (EBA) is an agency that aims to supervise financial integrity and ensure financial stability across the European Union (EU). The EBA is a part of the European System of Financial Supervision (ESFS), which works to ensure that the European single market functions efficiently through…
European Community
What is the European Community? The European Community, also called the European Communities or the European Economic Community, was the predecessor of the European Union and aimed to create economic integration among its member states. The European Community was originally composed of three international organizations—European Coal and Steel Community, European Atomic Energy Community, and the…
European Union (EU)
What is the European Union (EU)? The European Union (EU) is a unified international organization that governs the economic, political, and social policies of 27 member states. Originally formed with the desire to achieve peace in Europe, current EU policies are tailored to ensure the free movement of people, goods, services, and capital among its…
Data Warehousing
What is Data Warehousing? Data warehousing can be defined as the process of data collection and storage from various sources and managing it to provide valuable business insights. It can also be referred to as electronic storage, where businesses store a large amount of data and information. It is a critical component of a business…
Data Science
What is Data Science? Data science is the approach of obtaining information and deriving insights out of raw datasets. It is a combination of different tools, machine learning concepts, and algorithms to find hidden patterns in the raw data. Data science is typically used for making decisions and forecasts using machine learning, descriptive analytics, and…
Data Smoothing
What is Data Smoothing? Data smoothing refers to a statistical approach of eliminating outliers from datasets to make the patterns more noticeable. It is achieved using algorithms to eliminate statistical noise from datasets. The use of data smoothing can help forecast patterns, such as those seen in share prices. During the compilation of data, it…
