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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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

References in periodicals archive ?

In terms of solutions and innovations, EQUATE established Kuwait's first CO2 Recovery Plant, and invested in its own innovations, such as Viridis 25, a new plastic bottle that uses up to 25% recycled plastic, which will be commercially available in the next couple of months.

Equate Speaks of Plastic Recycling and Innovations at UN High-Level Political Forum on Sustainable Development

The EQUATE Group is a global producer of petrochemicals and the world's second largest producer of ethylene glycol (EG).

Equate posts $183m Q1 net income; down 57pc

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.

Kuwait's Equate Group announces new SAP venture

While Equate is technically illegal in Lewiston, it is not in Wheatfield, Porter, Ransomville, Cambria, Wilson and other areas of Niagara County.

Human feces a hot item for Niagara county planning and development?

"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.

Equate pursuing global role

Meanwhile, Equate's board appreciated Al Terkait's leadership that brought in outstanding global success at all levels since 2001.

Equate profit jumps 20pc to $1.05bn

On his part, Aquatech's Managing Director Devesh Sharma said, "We are honored that EQUATE has shown full confidence in Aquatech's innovative technical capabilities and has selected us as partners towards this critical initiative.

Equate signs over USD11 million plant-based, water recycle project with Aquatech

Al-Gharabally added "In line with the requirements of ISCO 14001 EQUATE implements several programs to ensure that its business operations and business activities are safe, environmentally sound and friendly to the health.

EQUATE achieves 19 million safe work hours

* "I buy the Equate brand often--good prices and quality.

Perceptions of Equate

-- As Wal-Mart's vice president and divisional merchandise manager for nonprescription drugs, Chuck Fehlig is the gatekeeper of the retailer's private label Equate brand.

Growing the power of brands

The EQUATE Group, a global producer of petrochemicals, is sponsoring the preservation efforts of Gulf cultural and artistic heritage at Kuwait's iconic Sadu House which inspires its name from its mission to preserve the ethnic handicrafts of bedouins also known as Sadu hand weaving.

EQUATE Supports the Preservation Efforts of Gulf Cultural Heritage at Kuwait's Sadu House