Google+1. The Definition of EBITDA: It is an acronym for Earnings Before Interest Taxes Depreciation and Amortization. EBITDA is often used as a measure of a businessâs cash flow. Also it is used frequently in many business valuation formulas, depending on the businessâs specific industry.he Definition of EBITDA: It is an acronym for Earnings Before Interest Taxes Depreciation and Amortization.
However, a terminological difference arises in the expression mean squared error (MSE). The mean squared error of a regression is a number computed from the sum of squares of the computed residuals, and not of the unobservable errors. If that sum of squares is divided by n, the number of observations, the result is the mean of the squared residuals.
Schedule Variance. Schedule variance is very similar to cost variance. So some of the explanation here also appears in the CV proof as some the variables are the same and the same concepts are used. As stated under cost variance, when you are mid-project there are two units by which you can measure your progress: time and money. Schedule variance measures progress and in terms of time. But here we measure time in dollars. It's counter-intuitive, but schedule variance does not measure progress in time-based units. We are measuring progress in dollars not manhours. The SV formula is SV = EV-PV. EV is earned value and PV is planned value.