Base rate. In probability and statistics, base rate generally refers to the (base) class probabilities unconditioned on featural evidence, frequently also known as prior probabilities. In plainer words, if it were the case that 1% of the public were "medical professionals", and 99% of the public were not "medical professionals", then the base rate of medical professionals is simply 1%. Definition: Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers. Description: Base rate is decided in order to enhance transparency in the credit market and ensure that banks pass on the lower cost of fund to their customers. Loan pricing will be done by adding base rate and a suitable spread depending on the .
In probability and statisticsbase rate generally refers to the base class probabilities unconditioned on featural evidence, frequently also known as prior probabilities. Informztion the sciencesincluding medicinethe base rate is critical for comparison. The treatment's effectiveness is clearer when such base rate information i.
Controls thus indicate that 'Treatment X' makes things worse, despite that initial proud claim about 1, people. The normative method for integrating base rates prior probabilities and featural evidence basse is given by Bayes' rule. A large number of psychological studies have examined a phenomenon called base-rate neglect or base rate fallacy in which category base rates are not integrated with featural evidence in the normative manner. What is basse from the jumble of statistics is the most relevant base rate information.
We should ask the doctor, "Out of the number of people who test positive this is the base rate group that we care abouthow many have how to save tabs on google chrome cancer? In particular, we must account for featural evidence. From Wikipedia, the free encyclopedia. This article is about the statistical term.
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A base rate is the interest rate that a central bank – such as the Bank of England or Federal Reserve – will charge commercial banks for loans. The base rate is also known as the bank rate or the base interest rate. Keep up to date with the latest financial events Learn when major announcements are made, and what they mean for traders. What is the Base Rate Fallacy? When provided with both individuating information, which is specific to a certain person or event, and base rate information, which is objective, statistical information, we tend to assign greater value to the specific information and often ignore the base rate information altogether. Jan 18, · Well, base rate concerns the likelihood of an event occurring out there in the world regardless of what the conditions of a particular situation may be. .
Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, Description: In this case, the service provider pays the tax and recovers it from the customer.
Service Tax was earlier levied on a specified list of services, but in th. A nation is a sovereign entity. Any risk arising on chances of a government failing to make debt repayments or not honouring a loan agreement is a sovereign risk. Description: Such practices can be resorted to by a government in times of economic or political uncertainty or even to portray an assertive stance misusing its independence.
A government can resort to such practices by easily altering. A recession is a situation of declining economic activity. Declining economic activity is characterized by falling output and employment levels. Generally, when an economy continues to suffer recession for two or more quarters, it is called depression. Description: The level of productivity in an economy falls significantly during a d.
It is always measured in percentage terms. Description: With the consumption behavior being related, the change in the price of a related good leads to a change in the demand of another good. Related goods are of two kinds, i. Description: Apart from Cash Reserve Ratio CRR , banks have to maintain a stipulated proportion of their net demand and time liabilities in the form of liquid assets like cash, gold and unencumbered securities.
Treasury bills, dated securities issued under market borrowing programme. In the world of finance, comparison of economic data is of immense importance in order to ascertain the growth and performance of a compan. Description: Institutional investment is defined to be the investment done by institutions or organizations such as banks, insurance companies, mutual fund houses, etc in the financial or real assets of a country.
Simply state. Marginal standing facility MSF is a window for banks to borrow from the Reserve Bank of India in an emergency situation when inter-bank liquidity dries up completely. Description: Banks borrow from the central bank by pledging government securities at a rate higher than the repo rate under liquidity adjustment facility or LAF in short. The MSF rate is pegged basis points or a percentage.
Description: If the prices of goods and services do not include the cost of negative externalities or the cost of harmful effects they have on the environment, people might misuse them and use them in large quantities without thinking about their ill effects on the env. It is an indicator of the efficiency with which a company is deploying its assets to produce the revenue.
Asset turnover ratio can be different fro. Choose your reason below and click on the Report button. This will alert our moderators to take action. Nifty 14, Muthoot Finance 1, Market Watch. ET NOW. Brand Solutions. Working at Uber. ET India Inc. ET Markets Conclave — Cryptocurrency. Reshape Tomorrow Tomorrow is different. Let's reshape it today.
TomorrowMakers Let's get smarter about money. Corning Gorilla Glass TougherTogether. Great Manager Awards. Suggest a new Definition Proposed definitions will be considered for inclusion in the Economictimes. Bank Rate Bank rate is the rate charged by the central bank for lending funds to commercial banks. Definition: Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers. Description: Base rate is decided in order to enhance transparency in the credit market and ensure that banks pass on the lower cost of fund to their customers.
Loan pricing will be done by adding base rate and a suitable spread depending on the credit risk premium. Related Definitions. Browse Companies:. Mail this Definition.
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