For example, China's traditional unit of length measurement is feet, Britain's traditional unit of length measurement is feet, and the international unit of length measurement is meters. In order to effectively and accurately convert traditional units of measurement to international standard units of measurement, the exponential coefficient appeared.
According to the current consumption statistics of energy varieties, the energy statistics report stipulates that the heat consumption conversion coefficient is 0.034 1 and the power consumption conversion coefficient is 1.229. These two kinds of products have the same fixed value, and the other 20 kinds of energy products have two folding factors: reference folding factor and adopted folding factor, and some products have a range of values.
Extended data:
Embedded value is an estimate of the economic value of life insurance companies, excluding the value generated by new business in the future, which directly reflects the current operating results of life insurance companies. It consists of effective business value and adjusted net value, reflecting the value of the business that has taken effect before a certain evaluation point.
The adjusted net value generally refers to the amount after deducting liabilities from the market value of assets (including all non-performing assets); The value of effective business is the future distributable discounted cash flow after reflecting the cost of capital.
Baidu encyclopedia-folding coefficient