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01:49 Dec 1, 2004
English to Chinese translations [PRO] Tech/Engineering - IT (Information Technology)
English term or phrase:If you have some structure of the problem
A lot of measurement has to do with getting statistical measures; that requires that you're talking about the same thing. If you want a time series on a certain kind of thing, you need to know what those things are. People probably get too focused on getting it exactly right, but it's important to have some homogeneity of what you're talking about. In finance, the trick is to turn them into a dollar cost or dollar benefit. Potentially security could do that; you might use the cost of something happening as the metric.
If you have some structure of the problem, you can probably develop some metrics. If you can look at a series of security problems and say, "What ways are they all kind of the same?" That's really the contribution of academic finance. You create models that don't pick up every little detail. What is the fundamental structure that is the same in every situation? That gives you some metrics. Of all the zillions of things that can happen, what are the key commonalities?