Examlex
Which description would most likely be used by a 4-year-old?
Projected Revenue
An estimate of the amount of money that an organization anticipates earning over a specific period in the future.
Solver
A feature in software, such as Microsoft Excel, that performs optimization, finding the best solution to a problem given constraints.
Price/Demand Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, often used to understand the sensitivity of consumers to price changes.
Local Optimum Solution
A solution to an optimization problem that is better than or equal to all nearby solutions but not necessarily the best overall, or global, solution.
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