AIC - Economics and Mathematics

Economics and Mathematics

  • Actual Individual Consumption, a measure of economic well-being alternative to Gross Domestic Product
  • Akaike information criterion, a measure of the goodness of fit of an estimated statistical model.

Read more about this topic:  AIC

Famous quotes containing the words economics and, economics and/or mathematics:

    Religion and art spring from the same root and are close kin. Economics and art are strangers.
    Willa Cather (1876–1947)

    The new sound-sphere is global. It ripples at great speed across languages, ideologies, frontiers and races.... The economics of this musical esperanto is staggering. Rock and pop breed concentric worlds of fashion, setting and life-style. Popular music has brought with it sociologies of private and public manner, of group solidarity. The politics of Eden come loud.
    George Steiner (b. 1929)

    Why does man freeze to death trying to reach the North Pole? Why does man drive himself to suffer the steam and heat of the Amazon? Why does he stagger his mind with the mathematics of the sky? Once the question mark has arisen in the human brain the answer must be found, if it takes a hundred years. A thousand years.
    Walter Reisch (1903–1963)