Law of demandIn microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. In other words, "conditional on all else being equal, as the price of a good increases (↑), quantity demanded will decrease (↓); conversely, as the price of a good decreases (↓), quantity demanded will increase (↑)". Alfred Marshall worded this as: "When we say that a person's demand for anything increases, we mean that he will buy more of it than he would before at the same price, and that he will buy as much of it as before at a higher price".
Automatic vehicle locationAutomatic vehicle location (AVL or ~locating; telelocating in EU) is a means for automatically determining and transmitting the geographic location of a vehicle. This vehicle location data, from one or more vehicles, may then be collected by a vehicle tracking system to manage an overview of vehicle travel. As of 2017, GPS technology has reached the point of having the transmitting device be smaller than the size of a human thumb (thus easier to conceal), able to run 6 months or more between battery charges, easy to communicate with smartphones (merely requiring a duplicate SIM card from one's mobile phone carrier in most cases) — all for less than $20 USD.
DemandIn economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given time. The relationship between price and quantity demand is also called the demand curve. Demand for a specific item is a function of an item's perceived necessity, price, perceived quality, convenience, available alternatives, purchasers' disposable income and tastes, and many other options. Innumerable factors and circumstances affect a consumer's willingness or to buy a good.
Tectonic upliftTectonic uplift is the geologic uplift of Earth's surface that is attributed to plate tectonics. While isostatic response is important, an increase in the mean elevation of a region can only occur in response to tectonic processes of crustal thickening (such as mountain building events), changes in the density distribution of the crust and underlying mantle, and flexural support due to the bending of rigid lithosphere. Tectonic uplift results in denudation (processes that wear away the earth's surface) by raising buried rocks closer to the surface.
TectonicsTectonics (; ) are the processes that result in the structure and properties of the Earth's crust and its evolution through time. These processes include those of mountain-building, the growth and behavior of the strong, old cores of continents known as cratons, and the ways in which the relatively rigid plates that constitute the Earth's outer shell interact with each other. Principles of tectonics also provide a framework for understanding the earthquake and volcanic belts that directly affect much of the global population.
Cross elasticity of demandIn economics, the cross (or cross-price) elasticity of demand measures the effect of changes in the price of one good on the quantity demanded of another good. This reflects the fact that the quantity demanded of good is dependent on not only its own price (price elasticity of demand) but also the price of other "related" good. The cross elasticity of demand is calculated as the ratio between the percentage change of the quantity demanded for a good and the percentage change in the price of another good, ceteris paribus:The sign of the cross elasticity indicates the relationship between two goods.
Time seriesIn mathematics, a time series is a series of data points indexed (or listed or graphed) in time order. Most commonly, a time series is a sequence taken at successive equally spaced points in time. Thus it is a sequence of discrete-time data. Examples of time series are heights of ocean tides, counts of sunspots, and the daily closing value of the Dow Jones Industrial Average. A time series is very frequently plotted via a run chart (which is a temporal line chart).
