equation

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equation

a means of portraying arithmetically the relationship between VARIABLES. For example, the equation: C = 1,000 + 0.9Y suggests a particular relationship between consumer expenditure (C) and disposable income (Y), which would be true for certain values of C and Y (such as 10,000 and 10,000 respectively) but not true of other values of C and Y (such as 6,000 and 10,000 respectively). Equations are generally written with a two-bar equals sign (=), with the value to the left of the sign being equal to the value to the right of the sign. The validity of an equation can be tested statistically by collecting paired observations of the variables involved and testing whether or not these observations conform with the equation formulated. See IDENTITY.
References in periodicals archive ?
EQUATE Petrochemical Company, Kuwait s first international joint-venture, hosted a number of leaders from Kuwait Petroleum Corporation (KPC) & Subsidiaries during the company s world record breaking Turnaround (TA) that has set a new global benchmark for petrochemical plants.
Addressing attendees, Al-Qattan expressed heartfelt appreciation and gratitude for this event, hoping that EQUATE would continue boosting its status as one of the world's petrochemical leaders through the efforts of its world-class workforce, best business practices, cutting-edge technology and focus on continuous growth.
EQUATE Research & Development (R&D) Leader Arif Al-Qattan highlighted EQUATE s support to customers includes evaluating new products, promoting innovative applications, ensuring regulatory compliance, handling inquiries, guaranteeing technical acceptance of products, as well as providing relevant economic and technical solutions.
On his part, EQUATE Environment, Health & Safety (EH&S) Department Leader Yousef Hashem Al-Gharabally said "These 20 Million Safe Work Hours are the result of more than 36 months of dedicated efforts by EQUATE's employees and contractors who deserve utmost congratulations as they have truly embraced safety as a priority.
EQUATE President & CEO Mohammad Husain said, This excellent achievement by the individual executing the TA deserves utmost appreciation and gratitude.
Under the terms of the MOU, EQUATE will test newly released Honeywell technologies, including the latest additions to the Honeywell Connected Plant portfolio, as well as assess EQUATE's requirements and new ideas at Honeywell facilities.
The EQUATE Group* is a global producer of petrochemicals and the world's second largest producer of Ethylene Glycol (EG).
Equate Group, a global producer of petrochemicals, has announced the next phase of its partnership with SAP, in an effort to drive the company's global business growth and support the New Kuwait 2035 vision's economic diversification goals.
The dedication and efforts of Equate Group's employees were lauded by Husain as operations were resumed within a timeframe less than the originally planned two weeks and in absolute abidance to safety standards, it said.
Established in 1995 as Kuwaits first international joint-venture in this industry, EQUATE Petrochemical Company (EQUATE) embodies its Partners in Success slogan through the partnership between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC).
The first phase is all about creating as much added-value from current facilities, while the second and third are all about making Equate have greater global presence.
Kuwait's Equate Petrochemical Company has announced a net profit of $1.