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**variance**— var·i·ance / ver ē əns/ n 1: a disagreement between two documents or positions; esp: a disagreement between allegations (as in an indictment or complaint) and proof offered at trial that warrants an appropriate remedy (as a directed verdict or an … Law dictionary**revision variance**— planning variance In standard costing, a variance that is expected to arise from the difference between a standard as originally set and the standard as modified to reflect changed circumstances (the current standard). An operational variance can … Accounting dictionary**Analysis of variance**— In statistics, analysis of variance (ANOVA) is a collection of statistical models, and their associated procedures, in which the observed variance in a particular variable is partitioned into components attributable to different sources of… … Wikipedia**Scenario planning**— [or scenario thinking or scenario analysis] is a strategic planning method that some organizations use to make flexible long term plans. It is in large part an adaptation and generalization of classic methods used by military intelligence.The… … Wikipedia**PPG 3**— Planning Policy Guidance Note 3: Housing, commonly abbreviated as PPG 3, is a document produced by the British Government to advise local planning authorities on the treatment of housing within the planning process. The current version was… … Wikipedia**Asset allocation**— is a term used to refer to how an investor distributes his or her investments among various classes of investment vehicles (e.g., stocks and bonds). A large part of financial planning is finding an asset allocation that is appropriate for a given … Wikipedia**Optimal design**— This article is about the topic in the design of experiments. For the topic in optimal control theory, see shape optimization. Gustav Elfving developed the optimal design of experiments, and so minimized surveyors need for theodolite measurements … Wikipedia**Monte Carlo methods in finance**— Monte Carlo methods are used in finance and mathematical finance to value and analyze (complex) instruments, portfolios and investments by simulating the various sources of uncertainty affecting their value, and then determining their average… … Wikipedia**Intelligence quotient**— IQ redirects here. For other uses, see IQ (disambiguation). Intelligence quotient Diagnostics An example of one kind of IQ test item, modeled after items in the Raven s Progressive Matrices test … Wikipedia**statistics**— /steuh tis tiks/, n. 1. (used with a sing. v.) the science that deals with the collection, classification, analysis, and interpretation of numerical facts or data, and that, by use of mathematical theories of probability, imposes order and… … Universalium