Financial Concepts

A trimmed mean is a system of averaging numbers where a certain percentage of the smallest and largest values are excluded prior to calculating the average. In other words, averaging a set of numbers but excluding the “outliers”. Trimmed means are a way to smooth out data by minimizing the impact of outlier data points. Trimmed means are sometimes also referred to as truncated … [Read more...] about Basic Math: Trim Mean Average

A dollar is not necessarily a dollar. Especially when we’re talking about that dollar over the course of time. In general, money now is better than money laterIf money later, has to be more money than money now  … [Read more...] about The Time Value of Money