Ancient Mayan Civilization

The ancient Mayan civilization of the ancient Mayan civilization was built on a strict social structure based on religious beliefs. They use caste social structure where differences are based on wealth, inheritance level, privilege, occupation or occupation. Their beliefs are based on the fact that elements of nature have the power to help and hurt. Ancient Mayas used their social structure and beliefs to shape their daily lives. Maya is a very devout person. They believe in many gods. Maya's ancient Mayan civilization settled in Yucatan Peninsula around 900 AD. This civilization was one of the most advanced civilization of those days. They created their own religion, language, mathematical structure, highly accurate calendar and many other things. Maya's lifestyle is their religion. They have polytheism praising many gods. Every God has something to worry about whether they rule. Chac is the god of rain, Kinich Ahau is droughty. Sweat covered his whole body and made him shine under the noon sun like the god of glory which comes down from the sky. But he is not a god. He participated in the architectural project of the famous Mayan town of Copan with an unintentional slave. Maya rose in the year 250 AD and had a huge civilization that fell around the year 900 AD. They live in an area called Central America consisting of South America, Belize, Guatemala, El Salvador, Honduras. As a country, Maya is known for their numerous achievements. The ancient Mayan civilization contains about two-thirds of the Central American civilization. This area is also known mainly from volcanic mountains to porous limestones, as a lowland in the central area. Maya civilization extends from the northern Belize and the Yucatan Peninsula in Mexico to Honduras in the south. It is their complex society far beyond the current construction and modernization in the tropical rainforest climate that makes the Maya the most prominent (Aissen, 1992). General

What is data mining and how can it bring benefits to a business Essay

What is data mining and how can it bring benefits to a business organisation - Essay Example 2007).Data mining is incorporated for gaining in depth patterns for market intelligence from data warehouses containing massive amount of data. However, the issue that arises is not the quantity of data, as we already have massive amount of data to work with, it is the methodology that is required to learn data. Likewise, data provides all the attributes but how to utilize them for gaining benefit is another question. This is the area that is addressed by data mining, as it is used for extracting valuable information from large amount of data saved on periodic basis. Likewise, information that can be extracted may contain relationships and different patterns. For instance, a retail store may indicate that some products are more in demand in one channel of distribution, there may be two different products that are sold at the same time in a specific geographic location, some specific products are more in demand in some geographic locations and similarly, some products are more demandi ng in certain events may be associated with religious events. If we take an example of Wal-Mart, the store has found that if there is a probability of a hurricane, the demand of beet increases in that specific geographical area, therefore, stores have to stock more beers that usual in this sort of situation (Keating 2008). Employee associated with utilizing patterns of customer behavior from data mining, i.e. a financial analyst would seek facets of the store or organization that may become bankrupt, similarly, human resource managers would seek information of a successful potential employee, employees working in a credit card department would like to get information associated with credit card debts payments from potential customers and also to analyze the legitimate credit card transactions against the falsified ones, marketing department executives would like to extract information associated with product

Rationale of the Stability and Growth Pact Given the Maastricht Treaty Essay

Rationale of the Stability and Growth Pact Given the Maastricht Treaty Criteria and its Advantages and Disadvanatges - Essay Example These monetary advantages augment in relation to volume of trade and with the intensity of economic integration. As for the cost of the monetary union, it emanates from the savings in loss of the exchange rate as a fine-tuning variable to soothe the aggregate demand. (Quere et al 2010:390).Further, Exchange rate movements are liable to be a basis of asymmetric shocks and Mundells approach found the monetary union as a mode to condense asymmetric shocks and enhance insurance against them (Quere et al 2010:390). As per Mundells, elimination of Transaction costs will be the direct gains whereas price transparency will be the indirect gain. Many empirical studies have shown that there will be many gains from a monetary union and one of the main benefits will be the elimination of exchange rate transaction’s costs as there will be reduction in the size of price discrimination between national markets. (Llirjani 2006:73). According to Taylor (2005), transaction costs will include sa vings in currency conversion charges , reduction in bank commissions , charges and delays linked with cross-border payments by banks. As per an EU study , the elimination of transaction costs involving conversion of one currency into another is likely to enhance the GDP of the nations concerned by an aggregate of 0.4% for the EU as a whole per annum. (Macdonald 1999:201). Single monetary union will help to attain lower transaction costs as there will be no commission on foreign exchange transactions and there will be an elimination of costs of hedging the exchange rate risk. Under single monetary union, all member nations will enjoy lower interest rates. (Grauwe 2007:78). Many of the analysis of costs and benefits of Europe’s common currency is footed upon the theory of optimum currency areas . According to this concept, the benefits that accrue by sharing a common currency across nations’ frontiers include more uniform prices (price parity), greater certainty for inve stors , lower transactions costs and increased competition.(Carbaugh 2011 :307). A single monetary union will offer more advantages to exporters as it will put a full stop to domestic currency volatility and a diminution of peripheral currency volatility, which would facilitate exporters to visualise prospect markets with larger conviction. This will let loose a larger possibility for expansion of economy for participants of the monetary union. For instance ,in the recent years , Germany experienced economic development which is footed on vibrant corporate investments and export growth in the export sector(Herr & Kazandziska 2011:194) The chief advantage connected with a monetary union is that there will be welfare advantages due to better prospects or from less uncertainty for companies to maximise their revenues as future returns will be less risky. (Llirjani 2006:73).Further, less uncertainty will also fetch financial stability among member nations. For instance ,it is interestin g to observe that Spain, Italy and France attained 100%, 100%, and 68% respectively of their prior-EMU window variances that were greater than the post-EUM variation. (Mafi-Kreft & Sobel 2006). According to Balwin, Skudelny and Taglioni (2005), due to single