Economics
Only the Bad Cars Remain: The Market for Lemons
Why can good products disappear from a market where buyers cannot judge quality? This article covers Akerlof's 1970 paper, how adverse selection drives good goods out, examples bey
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Statistics
The Core of Data Analysis: Null Hypothesis vs. Alternative Hypothesis
What the null and alternative hypotheses are, how to set them up for hypothesis testing, how significance level and statistical power shape the results, and three worked examples f
Economics
Inflation: A Crisis or a Temporary Phenomenon?
Inflation is one of the major issues in the modern economy, and discussions about its impact and causes continue unabated. In particular, recent global economic conditions have pro
Business administration
Strategies for Implementing ERP to Improve Business Competitiveness
ERP (Enterprise Resource Planning) systems have become essential tools in business management today. These systems connect a company's various departments through a single integrat
General knowledge
Understanding Unit Conversion: Connecting Everyday Life and Science
A look at the concept and types of units, how they are used across everyday life and the sciences, and practical examples of converting between units of length, weight, time, tempe
Information technology
When Clocks Jump Back to 1901: The Year 2038 Problem
What is the Year 2038 problem? It is the glitch in which computers that store Unix time in 32 bits mistake moments after January 19, 2038, for 1901. This article covers how it work
Physics
Plasma Technology: Boundless Innovation and Possibilities
Plasma is the 4th state of matter, following solids, liquids, and gases, and is a unique state with electrical and high-temperature characteristics. These characteristics give plas
Design
The Whole Is Different from the Sum of Its Parts: The Gestalt Principles of Perception
The Gestalt principles describe how the eye groups scattered visual elements by cues such as proximity, similarity and continuity and reads them as a whole. This piece covers their
Robotics
Reaction Before Thought: Subsumption Architecture
Subsumption architecture is a robot control method in which simple behavior layers are stacked from the bottom up and higher layers override lower ones when needed. This article co
Library & information science
Library Material Selection Criteria and Priorities - Demand Theory and Value Theory
In this article, we aim to present information on the criteria and priorities for selecting library materials. Libraries select and purchase a variety of book and non-book material
Statistics
Understanding Regression Analysis and Its Practical Applications
Regression analysis is an important tool in statistics and data science, widely used for data prediction and analysis across various industries and research fields. By modeling and
Logistics
The Task That Holds Half of Warehouse Costs: Order Picking
Order picking is the work of retrieving the items a customer ordered, in the right quantities, from where they are stored. We look at why it can account for up to 55% of warehouse