Quality control

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Quality control in finance.

Generally, quality control is a wide concept. If you shall buy a used car, you may rely on the person or the company from which you buy the car. Or you may bring with you your friend that is a car mechanic. If you are an investor that wants to buy a company, you may rely on the company reports and the reports from the auditor. But as a professional, that is not enough. You do your own due dilligence.

Example: One extremely important study done by two Swiss professors of the university of Zurich, one specialist in derivatives, the other a specialist in econometrics concluded: September 11, 2001: Unusual volumes on Put Options just before the attack. The American regulater that examined more that 9.5 million transactions in the weeks preceding September 11 concluded that there were unusual transactions but each had a non-criminal explanation. A statistical analysis can not prove anything, but it can estimate empirical probabilities of certain events. That means that somebody may have traded on insider information in these put options. Trading on insider information can be criminal. In addition prices carries information. Read the full story in English.

Quality control and web development - a Semantic Web.

Related to web development, the quality of a web page is about well-formedness, validity, usability, accessibilty and design. Ideally, the page (content) shall be available independent of the media it is presented on. Content shall be available in screen readers and and in a browser on your mobile phone. The equality and human rights commision has an excellent example of an accessible site. Study that site and learn by example. But first and foremost it is about content and the quality of the information available on the Internet.

The paradox is that this (these) site(s) and more specifically this page is not well-formed and for that reason not valid. The reason is obvious. Since this site is ad driven, we have to import code as is from third parties. The consequence of changing the code can be that the link to the merchant is broken. Sometimes you have to choose between two evils and choose the lesser. The lesser is for us an unbroken link. But if you do not use code from third parties, you should make well-formed and valid code from the start. Nest tags properly and close them. Make the code XHTML, that is more generally, XML well-formed.

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