Bollinger Bands Outside of Finance
In a paper published in 2006 by the Society of Photo-Optical Engineers, "Novel method for patterned fabric inspection using Bollinger bands", Henry Y. T. Ngan and Grantham K. H. Pang present a method of using Bollinger bands to detect defects (anomalies) in patterned fabrics. From the abstract: "In this paper, the upper band and lower band of Bollinger Bands, which are sensitive to any subtle change in the input data, have been developed for use to indicate the defective areas in patterned fabric."
The International Civil Aviation Organization is using Bollinger bands to measure the accident rate as a safety indicator to measure efficiency of global safety initiatives. %b and bandwidth are also used in this analysis.
Read more about this topic: Bollinger Bands
Famous quotes containing the words bands and/or finance:
“While they were there, the time came for her to deliver her child. And she gave birth to her firstborn son and wrapped him in bands of cloth, and laid him in a manger, because there was no place for them in the inn.”
—Bible: New Testament, Luke 2:6,7.
“There is an enormous chasm between the relatively rich and powerful people who make decisions in government, business, and finance and our poorer neighbors who must depend on these decisions to alleviate the problems caused by their lack of power and influence.”
—Jimmy Carter (James Earl Carter, Jr.)