Statistical Terms Glossary

International body which issues rules and recommendations concerning the operation of the international securities markets.

Association of South East Asian Nations (ASEAN) established in 1967 by Indonesia, Malaysia, the Philippines, Singapore and Thailand to promote the economic, social and cultural development of the region through co-operative programmes, to safeguard the political and economic stability of the region, and to serve as a forum for the resolution if inter-regional differences. Brunei Darussalam (1984), Vietnam (1995), Laos (1997) and Myanmar (1997) have since joined the Association.

A representative product so called because, when reporting prices, countries participating in Eurostat and OECD comparisons assign asterisks (*) to identify which of the products they have priced are representative.

Are persons who file an application for asylum in a country other than their own. They remain in the status of asylum-seeker until their application is considered and adjudicated.

Women or girl who has left her country of origin in order to seek international protection.

A form of Digital Subscriber Line in which the bandwidth available for downstream connection is significantly larger then for upstream. Although designed to minimise the effect of crosstalk between the upstream and downstream channels this setup is well suited for web browsing and client-server applications as well as for some emerging applications such as video on demand.

See:Oligopoly

If you split the distribution in half at its mean (or median), then the distribution of values on the two sides of this central point would not be the same (i.e., not symmetrical) and the distribution would be considered "skewed."

A protocol for the transmission of a variety of digital signals using uniform 53 byte cells.

A call or put option that has a strike price equal to the price of the underlying asset.

Is the world beef market excluding the Pacific Rim beef trade.

The atmosphere is the mass of air surrounding the earth, composed largely of oxygen and nitrogen

Atmospheric absorption is absorption by the earth’s atmosphere of most of the X-rays and ultraviolet and infrared radiation emitted by the sun, except visible light. It prevents the earth’s surface from becoming too hot

1. internal energy of an atom absorbed by the atom when it was formed;
2. energy derived from the nuclear transformation (fission or fusion) of atoms

The person who assisted the mother in giving birth, whether a physician, a midwife, a nurse, other paramedical personnel, a lay person etc.

Attitudes that hinders their full and effective participation in society on an equal basis with others.

Atypical work covers a large and growing variety of forms of work and employment characterized by flexibility and reduced security. They include part-time work, casual and seasonal work, job sharing, fixed-term work, temporary agency work, home-based work, telework, own-account work, and contributing family work. These forms of work differ from the norm historically regarded as typical or standard, namely full-time, socially secure employment of unlimited duration, with a single employer, performed at the employer’s workplace and with a guaranteed regular income.

foreign exchange auctions.

Market for buying and selling securities through brokers on the securities exchanges, as distinguished from the over-the-counter market, where trades are negotiated. A price is established by competitive bidding between brokers acting as agents for buyers and sellers.

May be carried out to satisfy the requirements of management (internal audit), or by the supreme audit institution (SAI), or any other independent auditor, to meet statutory obligations (external audit). A particular task of internal audit is to monitor management control systems and report to senior management on weaknesses and recommend improvements.

The evidence gathered by the auditor as part of the audit procedures.

Define intended audit accomplishments.

Refers to the report of the auditor made once the audit work has been carried out. For example, an auditor’s report on an organisation’s financial statements will set out the results of the auditor’s work in connection with the financial statements.

Refers to the risk that the procedures carried out by the auditor will not detect matters which, if known, would require the auditor’s report to be altered.

Refers to where the procedures carried out by an auditor are on a sample of an underlying population, relevant to the audit work, rather than the whole of that population.