Picking up the equity in undistributed earnings of portfolio companies is a good
first approximation of Industries» periodic wealth creation.
We rely on our proprietary Investment Model to arrive at
a first approximation of intrinsic value and then further refine our estimate through our independent research and experience.
We are out to test
the first approximation of a strategy, not the strategy itself.
The methodology used in the preparation of each set of results took as its starting point the gross national income (GNI) of the States Members of the United Nations during the corresponding base periods as
a first approximation of the capacity to pay, and applied conversion factors, relief measures and limits to the scale in order to arrive at the final scale.
He further granted that «Although I stress shared knowledge, and try to give an index to
a first approximation of its contents, I do not propose in my book any best way of imparting that knowledge.
But it brings up one more critique: though I hinted at it above, most of the shortcuts that investors use are special adaptations and
first approximations of the DCF model.
An isothermal atmosphere is a fictitious entity that is used for
first approximations of gas layers where the layer is not thick enough for adiabatic lapse rate to be a significant factor.
Not exact matches
In the case
of stock market returns, if you plug in the results
of the
first calculator you'll find that the
approximation isn't exact, but it's still pretty good.
By this I mean that we already have before us a way
of conceiving the reality
of God, in comparison with which the theism
of the classical tradition can be seen to be but a
first and rather rough
approximation.
Too often only the final results
of a discovery are taught, and no appreciation is gained
of the process by which they were reached, or
of the failures and blind alleys and
first approximations involved in the investigation.
Knowing what the «best
approximation»
of reality is would
first require knowing what is real — in order to judge the accuracy
of approximations.
As a
first approximation, we may say that the poetic function points to the obliterating
of the ordinary referential function, at least if we identify it with the capacity to describe familiar objects
of perception or the objects which science alone determines by means
of its standards
of measurement.
As Thomas Aquinas repeatedly mentions, «to know» means, as a
first approximation, that a being is not just itself as this determinate actuality, but also is another, that is, by holding in itself other «forms,» purely as forms, without at the same time itself having the real being that normally attaches to those forms.7 In this perspective, «knowing» expresses the possession
of a multiplicity
of forms that extends beyond the formal existence
of the knower and includes forms that the knower in reality is not.
Classical Laplacian determinism had assumed that an «operational» truncation (or
first - order
approximation)
of initial values
of dynamical parameters were a mathematically rigorous approach for accurately predicting the future (or past) state
of physical events.
The
first step in establishing an alkaline diet is to assess your current pH. A good
approximation of tissue pH is easily obtained by testing the pH
of your saliva or
first - morning urine.
First, I posted a rough
approximation of what I ate in the weight gain stage
of recovery.
But neither could turn down $ 30,000 for playing a loose
approximation of what made them famous in the
first place.
«The
first words are more like
approximations of the actual words.»
With global increase in obesity and diet - related metabolic diseases, interest has intensified in ancestral or «Palaeolithic» diets, not least because — to a
first order
of approximation — human physiology should be optimized for the nutritional profiles we have experienced during our evolution.
Nestler: It's, to a
first level
of approximation, it's simple and straightforward, that there are a set number
of modifications that could be made to the DNA itself or to the proteins that bind to DNA and control its structure, and activity and that those small number
of modifications either turn a gene on or off.
By contrast, the initial analyses
of the
first gravitational waves used
approximations derived from previous simulations to gain insight.
Although Olshansky stresses that the estimate is «a
first - pass
approximation,» he believes the effect is large enough to demonstrate «that trends in obesity in younger ages will lead to significantly higher rates
of mortality in the future — we will lose 2 to 5 or more years [
of life expectancy] in the coming decades» if the obesity epidemic continues unchecked.
Because transit measurements are relative measurements stellar spectra cancels out — in the
first order
approximation: the difference
of a spectrum taken before transit and during transit will provide the transmission spectrum
of the exoplanet atmosphere.
In reality, the stellar spectrum does not cancel out in transmission spectroscopy, because the
first - order
approximation described above confusingly equates two different light sources: the stellar disk (the spectrum
of which is observed before the transit) and the actual light source, which is just a very small fraction
of the stellar disk — the projection
of the transit chord onto the stellar photosphere (see figure).
The optimized lag, in this respect, is a climate - based
approximation of age at
first breeding.
This type
of warming can not be produced by the ocean circulation, which to a
first approximation just moves heat around on the planet — what it robs from Peter it gives to Paul.
Our calculations below
of future global temperature assume such compensation, as a
first approximation.
During the flood, an ocean
of gas molecules were distributed throughout the inner solar system, so Mars» atmosphere, as a
first approximation, was about 360 Mars» radii thick.
As a guide to future research, the idea that control
of insulin metabolism by CHO intake is, to a
first approximation, the underlying mechanism in MetS is a testable hypothesis.»
But adventure specialist Daedalic sculpts a fair
approximation of the medieval epic in this
first episode
of three.
Portman has been cast as Jacqueline Kennedy Onassis, the former
first lady
of the United States, and when the actress
first steps on screen — her hair cropped into that signature bouffant, her breathy voice a reasonable
approximation of the Onassis purr — every line and mannerism comes across a little studied, a little practiced.
About half
of print book titles published this year are, to a
first order
of approximation, categorically locked out by all major reviewers, and thus excluded from the primary avenue
of gaining public awareness.
As we'll see below, that isn't quite the whole story, but to a
first approximation, the main effect
of changes in the monetary base is to produce opposite and proportional changes in velocity.
To a
first approximation, but only to an
approximation, you can shift money around during the
first decade
of retirement.
The
first order
approximation is to see how it correlates with gold and how it behaves in times
of economic uncertainty.
Well, that's not all
of what private equity does, but to a
first approximation, that's 90 %
of the deal.
To a
first approximation, picking up a dividend dollar amount requires a certain number
of shares, not a dollar amount
of shares.
During your
first year
of disability, FERS will pay you 60 %
of your high - 3 average salary minus 100 %
of an
approximation of any Social Security benefit you qualify for.
I reckon this is a pretty good
approximation of what the
first batch
of next - gen consoles will be capable
of, but, if this gen is anything to go by, there will be a lot
of optimization to happen.
Where the
first The Crew had the ambition and scope to transplant a racing game into a scaled down open world
approximation of the United States, so many things didn't sit right with me, from the handling model to the overly serious story tacked onto it.
Wouldn't it be a pretty good
first approximation to model a one square meter
of earth and the atmosphere above it with average albedo, average solar input, average cloud cover, etc?
The optimum amount
of carbon in the biosphere could thus be estimated and be regarded at least in the
first approximation as a useful guideline for us to calculate the amount
of fossil fuels we can use to reach those conditions.
There could be some weak, shallow overturning due to horizontal differential heating (cooling
of sinking air would have to occur via downward diffusion
of heat), but to a
first approximation, the tropopause level may actually rest near or at the surface.
In this way, the response
of LW fluxes (PR) and convection (CR) tend to spread the temperature response vertically from where forcings occur — not generally eliminating the effect
of RF distribution over height, although in the case with convection driven by differential radiative heating within a layer, CR can to a
first approximation evenly distribute a temperature response over such a layer.
So, to a
first approximation each SO4 is about twice as effective at changing pH as a molecule
of CO2.
Thus there is convection within the troposphere that (to a
first approximation) tends to sustain some lapse rate profile within the layer — that itself can vary as a function
of climate (and height, location, time), but given any relative temperature distribution within the layer (including horizontal and temporal variations and relationship to variable CSD contributors (water vapor, clouds)-RRB-, the temperature
of the whole layer must shift to balance radiative fluxes into and out
of the layer (in the global time averae, and in the
approximation of zero global time average convection above the troposphere), producing a PRt2 (in the global time average) equal to RFt2.
Ultimately, it would be nice to see followup forward modeling studies which attempt to use all potentially relevant variables, rather than the simplified model form we use (which is generally justified at treeline — but perhaps only to
first order
approximation, i.e. some
of the details
of changing hydrology and solar insolatino might still matter in these environments.).
To limit ourselves to phenomena with a fixed rate
of change would be fine — if we would not observe significant changes in these rates, bot in the long time view (where climate changes are definitely NOT linear) or even in the short time range (where one could use the linear /
first derivative
approximations).
If you have a black body
of area A and some temperature distribution, then the
first order Taylor
approximation says that the amount
of radiation this black body will radiate to space is
the
first and last 25y
of the data are not being passed through this superbly designed filter but some increasingly sloppy
approximation of it.