Empirical
Definition: Real world evidence. Empirical studies are undertaken to try to prove theories and assertions.
Related glossary term: ...
EMPIRICAL DURATION - A measure of duration calculated by "backing into" the duration value using change...
EMPIRICAL VAR - A measure of a financial instrument's, a portfolio of financial instruments', or an ent...
Empirical Data
A multitude of observations show that only a very brief life, ranging from a few hours to a few days, is the normal fate of the vast majority of single-celled organisms, ...
empirical VAR
A measure of a financial instrument's, a portfolio of financial instruments', or an entity's exposure to reductions in value resulting from changes in prevailing interest rates.
Empirical Relying on real-world data in evaluating the usefulness of a model.
[edit] Empirical parametrization
There is substantial debate in the economics and finance literature with respect to the empirical value of Î-.
Empirical evidence on the BS effect
Over the years, the empirical literature has provided equivocal contributions on the BS effect.
EMPIRICAL: Based on or relating to real world data or analysis. Empirical should be contrasted with the theoretical. Whereas theoretical refers to abstract representations, empirical is actual real world observations.
Empirical evidence for the success of trade can emerge when contrasting countries such as South Korea, which has adopted largely unfettered free-trade, with India, which has pursued a more protectionist policy.
Empirical studies by Cornell and Reinganum (1981), French (1983) and Park and Chen (1985) confirm a modest effect in gold, silver, silver coins, platinum, copper and plywood prices but fail to find one for various currencies.
Empirical evidence shows that the expiration of the lock-up agreements is often associated with negative stock returns for the company's stock.
Empirical studies have demonstrated that prices do not completely follow random walks. Low serial correlations (around 0.05) exist in the short term, and slightly stronger correlations over the longer term.
Empirical investigations of the J-curve have sometimes focused on the effect of exchange rate changes on the trade ratio, i.e. exports divided by imports, rather than the trade balance, exports minus imports.
Empirical studies of countries' growth over time-that is, studies that avoid the time-averaging problem-have shown two main differences from the work described above. First, education is generally not found to be a significant determinant of growth.
Empirical Probability
A form of probability that is based on some event occurring, which is calculated using collected empirical evidence. An empirical probability is closely related to the relative frequency in a given probability distribution.
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in empirical research, assertion made about some property of elements being studied. Such an assumption is made early in the investigation, guiding the investigator in searching for supporting data.
For empirical purposes one might assume this function is linear and generate the linear regression:
Y = X'b + S'c + e ...
Based on empirical studies, the most convincing signaling mechanism is the buyback tender offer. In such an offer the company offers to buy back its own shares at a significant premium (more than 20%) above the market price.
Apart from the empirical evidence, this approach does make sense. It combines long term PE and sector relative PE, so the arguments and evidence for each of these also favour the naked PE.
and 74 and higher, with the 0-5 age group only slightly behind, and (b) between 1987-1999, these trends seemed to have reversed with the middle population group of 6-64 accounting for the greatest increases in spending. As such, "the empirical ...
Okun curve [r]: An empirical relationship between unemployment change and the output gap (originally thought to be linear at the rate of a 1 per cent increase in unemployment for every 3 per cent of output gap). [e] ...
The application of statistical methods to the empirical estimation of economic relationships.
There is broad support in virtually all empirical studies for a strong positive impact on economic growth by the investment rate (especially the rate of investment in plant and equipment) and by various measures of human capital (such as the ...
technique of economic analysis that expresses economic theory in terms of mathematical relationships and then tests it empirically through statistical research.
A description of what happens to UNEMPLOYMENT when the rate of GROWTH of GDP changes, based on empirical research by Arthur Okun (1928-80). It predicts that if GDP grows at around 3% a year, the jobless rate will be unchanged.
Performance indicators - Refer to those pieces of empirical data that are indicative of how well, or maybe poorly, an firm is performing against its preset objectives and goals.
controlled experiments empirical tests of theories in a controlled setting in which particular effects can be isolated. (1)
convergence of positions the concentration of the stances of political parties around the center of citizens' opinions. (15) ...
price data to empirically assess the past volatility of a market or an instrument. It is often expressed as a percentage and calculated as the standard deviation per annum with regard to the percentage change in daily prices.
Historical Volatility - An estimate of empirical volatility, under which prices are observed at fixed time intervals and are used to calculate volatility for that period.
This method has strong theoretical grounding and has much empirical support. For more about the theory see my article, Practical Lessons From from Modern Portfolio Theory.
This pertains to a measure of duration, which computes efficient or empirical duration by altering the market price for a particular maturity date on the yield curve, while keeping all other variables constant.
Knot Points ...
Definition A Priori: An a priori argument is one where certain basic principles are assumed to be true. Therefore, it is not necessary to use empirical evidence but rely on the axioms being true.
An example in economics.
Econometrics
The statistical estimation of economic relationships using empirical data. These relationships are often extrapolated to provide forecasts of economic variables.
Sources of these gains are not well understood or documented, although there exist a variety of possible theoretical reasons for them and some empirical evidence that countries have benefited more than the static gains alone would suggest.
There are many empirical versions of the DCF Model, each designed to simplify the data requirements.
 See also: Values, Equilibrium, Banks, Saving, Observation
  
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