Sentences with phrase «cyclical variation»

But even then, new economy arguments are typically ineffective at explaining away the informative cyclical variations in good indicators.

The first years, 1992, 1993, 1994, show a well defined cyclical variation, but then, starting in 1995, the anomalies become very chaotic.

Because our Margin - Adjusted CAPE already adjusts for cyclical variations in the embedded profit margin, it does not suffer from similar «dropoff» artifacts when extremely elevated or depressed earnings fall out of the 10 - year average.

First, the «returns on equities» here are typically taken to be earnings yields, which as we've frequently noted, are affected by cyclical variations in profit margins that make them notoriously poor indicators of long - term prospective returns (see Two Point Three Sigmas Above the Norm and Margins, Multiples and the Iron Law of Valuation).

There's a little bit of cyclical variation due to changes in average hours worked, but that difference only shows up meaningfully during recessions.

We know from a century of evidence on complete market cycles that the most reliable valuation measures (based on their correlation with actual subsequent market returns) are actually those that mute cyclical variations in profit margins.

I've long wondered how those arguing that the recent decline in arctic sea is natural cyclical variation can explain the long history of failed attempts to explore the northwest passage by sea.

This succession of glacials and interglacials is caused by changes in insolation brought about by cyclical variations in the distance between Earth and the Sun and in the tilt and direction of our planet's rotation axis relative to the Sun.

Multi-scale harmonic model for solar and climate cyclical variation throughout the Holocene based on Jupiter — Saturn tidal frequencies plus the 11 - year solar dynamo cycle (PDF), Nicola Scafetta 03/2012, Journal of Atmospheric and Solar - Terrestrial Physics

I get the equilibrium temperature after about 4000 years (on a multi-layer ocean) and cyclical variations in temperature are 6K / 50 years with a fairly low variation of the overall sensitivity.

For that reason, the measures best correlated with actual subsequent market returns are those that are less subject to those cyclical variations.

1) Longer averaging in the earnings component of the indicator further reduces the cyclical variation in the underlying fundamental.

FREE DOWNLOAD includes ONE Case study with the following calculations: the sales trend, the yearly variation, cyclical variation, full workings and suggested answers.

Words used are: Explanatory variable, response variable, cyclical variation, sampling, continuous data, correlation, population, seasonal variation, pilot survey.

@SteveRacer The forces acting on bolted wheel joints include, but are not necessarily limited to: Shear, axial, cyclical variation.

The challenge of any factor investing, including value and momentum, is not only the cyclical variation of performance but also the selection of individual securities to implement the factor.

Clearly, the dollar value of margin debt has experienced a secular increase over time, so the levels aren't as important as the cyclical variations.

Since 1967, average differences in headline vs. core inflation have essentially been zero, despite distinct periods of cyclical variation.

With the available capital, an unavoidable optimism of postwar boom, and a complete lack of habits (good or bad) Kepes attempted to foster «media geared to all sensory modalities; incorporation of natural processes, such as cloud play, water flow, and the cyclical variations of light and weather; [and] acceptance of the participation of «spectators» in such a way that art becomes a confluence.»

Would you accept that current SST (not current anomaly, but current local SST) is the result of a combination of cyclical variation plus GW?

Further experiments will explore the influence of periodic forcings such as the quasi biennial oscillation (QBO) in equatorial winds and the cyclical variation of solar radiation.

Cyclical variations in climate are well - known to the public; we all studied the ice ages in school.