LONG MEMORY Meaning and
Definition
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Long memory refers to the ability of an individual, organization, or system to retain and recall information or events that occurred in the distant past. It is a terminology primarily used in psychology, finance, and economics.
In psychology, long memory represents the capacity of an individual to recollect events, experiences, or knowledge from an extended time period. It is often associated with the concept of episodic memory, which involves the retrieval of specific events or episodes from one's personal history. Having a long memory can enhance an individual's ability to learn from past mistakes, make informed decisions, and recognize patterns in their experiences.
In finance and economics, long memory refers to the statistical property of a time series dataset, where the past values have a persistent influence on future values. It suggests that the behavior of a variable is not solely dependent on recent events, but also influenced by events from a distant past. A time series exhibiting long memory is characterized by the slow decay of autocorrelation, indicating that shocks or trends from the past have a lasting impact on the variable's behavior. Understanding long memory in financial and economic data is crucial for predicting future trends, assessing risks, and developing appropriate models and strategies.
Overall, long memory represents the ability to retain and utilize information or experiences from the distant past, whether it be on an individual level or in the context of statistical analysis.
Common Misspellings for LONG MEMORY
- kong memory
- pong memory
- oong memory
- ling memory
- lkng memory
- llng memory
- lpng memory
- l0ng memory
- l9ng memory
- lobg memory
- lomg memory
- lojg memory
- lohg memory
- lonf memory
- lonv memory
- lonb memory
- lonh memory
- lony memory
- lont memory
- long nemory
Etymology of LONG MEMORY
The phrase "long memory" does not have a specific etymology, as it is a combination of two separate words. However, the word "long" comes from the Old English word "lang", which has Germanic origins. The word "memory" has its roots in the Latin word "memoria", which means "memory" or "recollection". So, the phrase "long memory" simply means having a strong ability to remember or recall things for an extended period.
Idioms with the word LONG MEMORY
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have a long memory
The idiom "have a long memory" refers to someone's ability to remember things or hold grudges for a long period of time. It implies that the person can recall past incidents, actions, or events for an extended duration and may use that information to their advantage or to hold others accountable in the future.
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