What is Hypothesis Testing? Hypothesis Testing is a method of statistical inference. It is used to test if a statement regarding a population parameter is statistically significant. Hypothesis testing is a powerful tool for testing the power of predictions. A Financial Analyst, for example, might want to make a prediction of the mean value a…
What is the Language of Business? In business, there are three main “languages” – accounting, finance, and economics. While there are many other disciplines in business, such as marketing, human resources, operations, etc., it’s the core principles and terminology behind accounting, finance, and economics that drive decisions across businesses. In this guide, we will break down the…
What is Competitive Bidding? Competitive bidding is a form of solicitation that is used in the procurement of goods and services. It is used by companies and government agencies that require the delivery of products or services on a large-scale basis. The agency or company must issue a form of solicitation, commonly referred to as…
What is Ethereum? With the rise of Bitcoin (BTC), the cryptocurrency market has been validated. Because of this, new cryptocurrencies and coins have tried to penetrate the market and grab a slice of the pie. Ethereum is Bitcoin’s strongest competitor. It currently holds the second-largest market capitalization – recently tying with Bitcoin for first, before…
What is Bitcoin? Bitcoin (BTC) is one of the first cryptocurrencies to rise to popularity. Invented in 2008, it is now the largest cryptocurrency by market share. As of June 2017, BTC has a market cap of nearly $40 billion. The only other cryptocurrency to come close to this is Ethereum. As a cryptocurrency, Bitcoin…
What is a Blockchain? A blockchain is digital database of transactions that is maintained by a network of computer servers, who can all easily verify and agree on the contents of the database in a way that makes it difficult for anyone to hack or change. Each one of these users, called a node, stores…
What is Cryptocurrency? A cryptocurrency is a type of digital asset that allows for one party to transfer value from one party to another over the internet without the use of a centralized entity, like a bank. However, since the two parties might be previously unknown to one another, how can the receiving party be…
What is a Non-Executive Director? A non-executive director is a member of a company’s board of directors who does not hold an executive office. Non-executive directors act as independent advisors and are not responsible for the daily operations of the company. However, they face the same legal responsibilities and liabilities as the executive directors and…
What is the Average True Range? The average true range (ATR) is a price volatility indicator showing the average price variation of assets within a given time period. Investors can use the indicator to determine the best time for trading. The average true range also takes into account the gaps in the movement of price….
