A market basket is a selected set of goods and services that tracks the performance of a specific market or segment.
A popular market basket is the consumer price index (CPI), which gives an estimate of inflation based on the average change in the price paid for a particular basket of goods and services over time.
The CPI uses over 200 categories, including education, housing, transportation and recreation, as an economic measure.
Shopping cart analysis is used by retail stores to predict and increase impulse purchases based on the product groups a shopper is purchasing.
Exception 3(c)(7) pertains to a section of the Investment Company Act of the 1940s allowing qualifying private funds to be exempt from certain SEC rules.
3C1 refers to the part of the Investment Company Act of 1940 that exempts certain private equity firms from regulation.
– A firm to be defined as an investment company must comply with certain regulatory and reporting requirements set by the SEC.
Attribution analysis is an evaluation tool used to explain and analyze the performance of a portfolio (or portfolio manager), especially when compared to a certain benchmark.
A growth fund is a mutual fund or exchange-traded fund (ETF) that includes companies that aim to grow revenue or earnings faster than competitors in the industry or the market as a whole.