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lower bound

NOUN
  1. (mathematics) a number equal to or less than any other number in a given set

How To Use lower bound In A Sentence

  • Using the entropy framework, a prior, or expected value, and upper and lower bounds are needed for each estimated coefficient and error term.
  • It is therefore important to be able to perform discrete sensitivity analysis and to handle lower bounds.
  • Instead, therefore, one tries to find upper and lower bounds.
  • The zero lower bound is one of the great myths of monetary economics.
  • You can think of the bond value as a lower bound, or "floor," to the price of the convertible. Principles of Corporate Finance
  • As the facies progrades, it incorporates gray, fine-grained, thin sandstone beds with sharply defined lower boundaries, wave-rippled lamination, and rippled tops.
  • It is therefore important to be able to perform discrete sensitivity analysis and to handle lower bounds.
  • When that occurs, glpsol shows the status of the constraint as either NU or NL (for upper and lower boundary respectively), and it also shows the value of the marginal, also known as the shadow price.
  • This suggests that researchers can use calibrated and uncalibrated values as upper and lower bounds for true values.
  • Thus the energy barriers estimated this way are lower bounds for the true barriers.
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