Record Details

Risk In Banking Activities And Its Quantitative Determination

Research Journal of Economics, Business and ICT

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Field Value
 
Title Risk In Banking Activities And Its Quantitative Determination
 
Creator Dragan, Irina Maria; Department of Statistics and econometrics, Bucharest University of Economic Studies
 
Subject —
Statistical Risk, Risk Of Errors, Decisional Process.
C44, D81
 
Description The volatility becomes a constantly characteristic of the present economic environment. Considering those circumstances, the decisions are affected by risks in an expanding capacity. Since the management decisions are typically taken on the basis of incomplete information, based on some partial data and in conditions of uncertainty, these are associated with errors. Because the risk is regarded as a probability, therefore it is worth to investigate the nature of what is called the statistical risk. It plays an important role in the framework of statistical inference. The statistical feature of the decisional area determines that the error’s probabilistic measurement to be made by the risks. In this paper there are depicted and adjusted the risks, such as Type I, Type II and Type III. The variance resulting from measurement error becomes noise and thus it could decrease the power level. To be more specific, since a high degree of measurement error hinders the condition of the variable from being correctly indicated, it drags down the possibility of correctly detecting the effect under study. Those risk types are affecting the alternative hypotheses of the decision making processes and also the Taguchi risk and the potential index of a process.
 
Publisher English Time Schools & Overseas Education
 
Contributor —
 
Date 2012-09-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://ojs.journals.cz/index.php/RJEBI/article/view/236
 
Source Research Journal of Economics, Business and ICT; Vol 6 (2012)
2047-7848
2045-3345
 
Language eng
 
Relation http://ojs.journals.cz/index.php/RJEBI/article/view/236/240
 
Rights Copyright (c) 2012 Irina Maria Dragan
https://creativecommons.org/licenses/by/3.0/