What Is Base Rate Fallacy? Base rate fallacy, or base rate neglect, is a cognitive error whereby too little weight is placed on the base, or original rate, of possibility (e.g., the probability of A given B). In behavioral finance, base rate fallacy is the tendency for people to erroneously judge the likelihood of a
What Is a Base Year? A base year is the first of a series of years in an economic or financial index. In this context, it is typically set to an arbitrary level of 100. New, up-to-date base years are periodically introduced to keep data current in a particular index. Base years are also used
What Is Base-Year Analysis? In finance and economics, base-year analysis includes all of the layers of analysis concerning economic trends in relation to a specific base year. For example, a base-year analysis could express economic variables relative to base-year prices to eliminate the effects of inflation. When analyzing a company’s financial statements, it is useful
The Basic Materials Sector: An Overview The basic materials sector is an industry category made up of businesses engaged in the discovery, development, and processing of raw materials. The sector includes companies engaged in mining and metal refining, chemical products, and forestry products. Within this sector are the companies that supply most of the materials used in construction.
Sprouts are the young shoots from the germinated seeds of vegetables, beans, and grains. Many seeds can be sprouted for eating. Mung beans and alfalfa are the most common seeds for sprouts. Other common seeds for sprouts include adzuki, cabbage, chives, red clover, fenugreek, garbanzo, lentil, mustard, peas, radish, and black sunflower. See the list
Lentils Lentils are a cool-season legume. Sow lentils in spring as early as 2 weeks before the average last frost date. Lentils can be started indoors before transplanting to the garden; lentil seeds will germinate in 10 days at 68°F. Lentils require 80 to 110 days to come to harvest. Description. Lentils are a hardy
Make your garden to-do list to keep the garden humming all year long. One of the most challenging aspects in gardening is to get things started at the proper time. Success in the garden often depends on timing. Planning the work ahead is important. A simple checklist can be used to make sure that everything
Small vegetables–many leaf crops and even compact and miniature varieties of fruiting crops such as tomatoes and peppers–can be grown indoors on a sunny, bright windowsill year-round. Vegetable gardening indoors has most of the same requirements as an outdoor garden: bright light, water, nutrients, and protection from pests and diseases. Since space is likely to
A cold frame is a bottomless box with a clear or translucent top. It is set on the ground or over a planting bed to capture solar energy and heat the air, soil, and plants inside. A cold frame can extend the growing season by one to several months. Cold frames can be made of
Harvest carrots when they develop their color and the tops are 1 inch in diameter or smaller. Carrots can be lifted as soon as they are a usable size. Carrots and parsnips grow best in loose, sandy, humus-rich soil. Size does not make for more flavorful carrots and parsnips. For best flavor, lift both crops
