What is Power of Attorney? Power of Attorney, or POA, is a legal document giving an attorney-in-charge or legal agent the authority to act on behalf of the principal. The attorney in charge possesses broad or limited authority to act on behalf of the principal. The agent can make decisions regarding medical care, financial matters,…
What is a Venture Capital Trust (VCT)? A venture capital trust (VCT) is a tax-efficient investment vehicle that provides capital to small, growing businesses in the United Kingdom. A specialized investment manager manages the fund, and the investors are primarily individuals. Below is an overview of a typical venture capital trust structure: Venture capital trusts…
What are Dependent Events vs Independent Events? In mathematics, specifically statistics, events are often classified as dependent or independent. As a basic rule of thumb, the existence or absence of an event can provide clues about other events. Read on to find out more about dependent events vs independent events. In general, an event is deemed…
What is A Theory of Justice? A Theory of Justice was published in 1971 by American moral and political philosopher John Rawls. It attempted to resolve the problem of distributive justice in society. Rawls was opposed to the traditional philosophical arguments on what constitutes a just institution and the justification for social actions and policies….
What is Tableau? Tableau is a data visualization and data interaction tool that is very popular within the consulting, professional services, and financial services industries. It is used to simplify or break down raw data and make it more interactive and visually understandable. Tableau is regarded as the most powerful and fastest business analysis tool…
What is Boosting? Boosting is an algorithm that helps in reducing variance and bias in a machine learning ensemble. The algorithm helps in the conversion of weak learners into strong learners by combining N number of learners. Boosting also can improve model predictions for learning algorithms. The weak learners are sequentially corrected by their predecessors,…
What is Annual Return? The annual return is the return on an investment generated over a year and calculated as a percentage of the initial amount of investment. If the return is positive (negative), it is considered a gain (loss) on the initial investment. The rate of return will vary depending on the level of…
What is the Nominal Rate of Return? The nominal rate of return is the total rate of return earned on an investment before adjusting for any deductions and premiums, such as investment fees, trading costs, tax expenses, and inflation. It can be considered the “face” amount of a return. Formula for the Nominal Rate of…
What is a Virtual Good? A virtual good is a non-physical asset that is traded in an online community or marketplace. They are most commonly found in video games, as well as on social media platforms. In the platforms that provide virtual goods, especially video games, purchasing them enables users to level up more quickly…
