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A black box is where only the owner of that black box knows the algorithm that makes the mechanism change the input to the output. For example, in algorithmic trading, there is proprietary software that transacts with the incoming data and decides when to buy or sell depending on what the algorithm in that proprietary software states. Each owner of a black box has their own proprietary mechanism to change the input to the output.
What else can I help you with?
What Basic 8 concepts of financial accounting?
There are eight accounting concepts: Business entity concept, cost concept, going concern concept, matching concept, objectivity concept, unit of measure concept, adequate disclosure concept, and accounting period concept
What is the Concept of Status?
what are the concept of status
Concept of social responsibility accounting?
concept of responsibility accounting
What concept is used in allowance for doubtful debts?
Prudence concept
Business entity concept?
According to this concept, business is treated as a unit separate and distinct from its owner.
How would you explain the black box concept?
The black box concept refers to the activities of an 'organization' in terms of managing its varying inputs and varying outputs(disturbances from both internal and external environment); basically its a theoretical construct with unspecified and indefinite attributes in an environment with specified or definite attributes. This illustration of how management regulates complexities in the face of unlisted uncertainties is what the black box concept is all about. According to Ross Asbley's Law of Requisite variety;(1).You do not need to enter the black box to understand the functions it performs. (2).You do not need to enter the black box to know the number of potentials it may generate.
What is the scientific concept of the black box flight recorder?
Record everything (or as much as you can) until something happens.
Is the black box on an airplane black?
The black box in a plane is bright orange.
What color is the black box?
the "black box" is usually orange.
When was A Black Box created?
A Black Box was created in 1979-11.
What is the clour of the black box?
The black box is usually red in colour.
What color is the black box on a plane?
The Color of the Black Box on an Airplane is Orange!
Where is the black box on a plane?
the black box is in the tail of all public planes
When was Black Box - novel - created?
Black Box - novel - was created in 1986.
When was The Black Box Revelation created?
The Black Box Revelation was created in 2005.
When was Black Box Recorder created?
Black Box Recorder was created in 1998.
When did Black Box Recorder end?
Black Box Recorder ended in 2010.
