RUNNING TOTAL Meaning and
Definition
-
A running total refers to the cumulative sum of a set of numbers or values that keeps continuously updating as new elements are added. It is a calculation that represents the ongoing total of a series of related values or quantities. This concept is frequently used in various fields such as finance, mathematics, and statistics to track the incremental change or accumulation of data.
In practical terms, a running total is calculated by adding the current value to the previous running total. This process occurs iteratively and ensures that the running total aligns with the latest figures. For instance, in financial applications like budgeting or sales analysis, a running total can be used to determine the total revenue or expenses accumulated up to a particular point in time, taking into account all previous transactions.
The advantage of utilizing a running total is its dynamic nature, which enables the evaluation of cumulative progress or changes. It facilitates ongoing monitoring and analysis of data without the need to recalculate the entire set each time new information arises. This feature allows individuals or organizations to gain real-time insights and make informed decisions based on the up-to-date and continuous value provided by the running total.
Common Misspellings for RUNNING TOTAL
- eunning total
- dunning total
- funning total
- tunning total
- 5unning total
- 4unning total
- rynning total
- rhnning total
- rjnning total
- rinning total
- r8nning total
- r7nning total
- rubning total
- rumning total
- rujning total
- ruhning total
- runbing total
- runming total
- runjing total
- runhing total
Etymology of RUNNING TOTAL
The word "running" in "running total" refers to an ongoing or continuous calculation or tally. It comes from the verb "run", which originally meant "to flow" or "to move swiftly". In the context of calculations or sums, "running" refers to the idea of an accumulation or progression that continues from one step to the next.
The word "total" originates from the Latin term "totalis", meaning "whole" or "entire". It has evolved over time to denote the complete sum or amount of something. In the context of a running total, it signifies the accumulated sum of a series of numbers or values as it progresses.
