Javier Parra

Transaction cost theory or TCT

Transaction cost theory attempts to answer the questions "why" or "what do firms exist for", understanding firms as a particular type of organisation. These types of organisations have a managerial hierarchy that allows them to manage transactions to minimise costs. The first notions of the theory were introduced by the…

Principles of cryptocurrencies

Before we talk about cryptocurrencies, let us think about the evolution of money and how it has changed its presentation and forms of use. It is a clearly identifiable object with an absolute value for all parties involved. Throughout our history, we have gone through different financial transactions, for example,…

What is predictive analytics?

Data analysis is a process of inspecting, cleansing, transforming, sorting, and modelling data to find useful information, reach conclusions, and make appropriate decisions. In statistics, data analysis is divided into descriptive analytics, exploratory analytics and predictive analytics. Predictive analytics is defined as the branch of analytics used to make predictions…