Fractional Brownian motionIn probability theory, fractional Brownian motion (fBm), also called a fractal Brownian motion, is a generalization of Brownian motion. Unlike classical Brownian motion, the increments of fBm need not be independent. fBm is a continuous-time Gaussian process on , that starts at zero, has expectation zero for all in , and has the following covariance function: where H is a real number in (0, 1), called the Hurst index or Hurst parameter associated with the fractional Brownian motion.
Interval estimationIn statistics, interval estimation is the use of sample data to estimate an interval of possible values of a parameter of interest. This is in contrast to point estimation, which gives a single value. The most prevalent forms of interval estimation are confidence intervals (a frequentist method) and credible intervals (a Bayesian method); less common forms include likelihood intervals and fiducial intervals.
Solar timeSolar time is a calculation of the passage of time based on the position of the Sun in the sky. The fundamental unit of solar time is the day, based on the synodic rotation period. Traditionally, there are three types of time reckoning based on astronomical observations: apparent solar time and mean solar time (discussed in this article), and sidereal time, which is based on the apparent motions of stars other than the Sun. A tall pole vertically fixed in the ground casts a shadow on any sunny day.
Credible intervalIn Bayesian statistics, a credible interval is an interval within which an unobserved parameter value falls with a particular probability. It is an interval in the domain of a posterior probability distribution or a predictive distribution. The generalisation to multivariate problems is the credible region. Credible intervals are analogous to confidence intervals and confidence regions in frequentist statistics, although they differ on a philosophical basis: Bayesian intervals treat their bounds as fixed and the estimated parameter as a random variable, whereas frequentist confidence intervals treat their bounds as random variables and the parameter as a fixed value.
Interval (mathematics)In mathematics, a (real) interval is a set of real numbers that contains all real numbers lying between any two numbers of the set. For example, the set of numbers x satisfying 0 ≤ x ≤ 1 is an interval which contains 0, 1, and all numbers in between. Other examples of intervals are the set of numbers such that 0 < x < 1, the set of all real numbers , the set of nonnegative real numbers, the set of positive real numbers, the empty set, and any singleton (set of one element).
Sidereal timeSidereal time ("sidereal" pronounced saɪˈdɪəriəl,_sə- ) is a system of timekeeping used especially by astronomers. Using sidereal time and the celestial coordinate system, it is easy to locate the positions of celestial objects in the night sky. Sidereal time is a "time scale that is based on Earth's rate of rotation measured relative to the fixed stars". Viewed from the same location, a star seen at one position in the sky will be seen at the same position on another night at the same time of day (or night), if the day is defined as a sidereal day (also known as the sidereal rotation period).
Time zoneA time zone is an area which observes a uniform standard time for legal, commercial and social purposes. Time zones tend to follow the boundaries between countries and their subdivisions instead of strictly following longitude, because it is convenient for areas in frequent communication to keep the same time. All time zones are defined as offsets from Coordinated Universal Time (UTC), ranging from UTC−12:00 to UTC+14:00. The offsets are usually a whole number of hours, but a few zones are offset by an additional 30 or 45 minutes, such as in India, South Australia and Nepal.
Index fundAn index fund (also index tracker) is a mutual fund or exchange-traded fund (ETF) designed to follow certain preset rules so that the fund can replicate the performance ("track") of a specified basket of underlying investments. While index providers often emphasize that they are for-profit organizations, index providers have the ability to act as "reluctant regulators" when determining which companies are suitable for an index.
Absorbing elementIn mathematics, an absorbing element (or annihilating element) is a special type of element of a set with respect to a binary operation on that set. The result of combining an absorbing element with any element of the set is the absorbing element itself. In semigroup theory, the absorbing element is called a zero element because there is no risk of confusion with other notions of zero, with the notable exception: under additive notation zero may, quite naturally, denote the neutral element of a monoid.
Identity elementIn mathematics, an identity element or neutral element of a binary operation is an element that leaves unchanged every element when the operation is applied. For example, 0 is an identity element of the addition of real numbers. This concept is used in algebraic structures such as groups and rings. The term identity element is often shortened to identity (as in the case of additive identity and multiplicative identity) when there is no possibility of confusion, but the identity implicitly depends on the binary operation it is associated with.
