Friendly Finances & Loans

Levy (1992) points out that lower partial moments of first order are consistent with second-order stochastic dominance. The concept of stochastic dominance has several important advantages. It requires no distributional assumptions, takes all the moments of the return distributions into account and requires only very mild assumptions about investor behavior. With respect to the comparison [...]

Some of the most useful practical techniques to improve profitability are as follows: Focus decision-making on the most profitable areas. Concentrating on products and services with the best margin will protect or enhance profitability. This may involve redirecting sales and advertising activities. Decide how to deal with the least profitable products. These often drift, with [...]