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Investing Glossary:
Order Parameter
Copyright 2012,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| In a nonlinear dynamic system, a variable-acting link a macrovariable, or Combination of variables-that summarizes the individual variables that can affect a system. In a controlled experiment, involving thermal convection, for example, temperature can be a Control parameter; in a large complex system, temperature can be an Order parameter, because it summarizes the effect of the sun, air pressure, and other atmospheric variables. See: Control parameter.
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