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In the original work, the authors assume that (theta,gamma,vtfrac{e}{j},xtfrac{e}{j} in [0,1]), in other words, they assume a normalized market.
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Either way, companies can take control of the situation by raising this capital at a valuation that reflects normalized market conditions, even if that means a down round from the prior financing's post-money valuation.
Credit Suisse estimated that 1.3 billion francs of the investment banking unit's revenue resulted from "more normalized market conditions, including the narrowing of credit spreads" and other indications that policy makers had succeeded in stabilizing markets.
The most educated guess needs to take into account prevailing market multiples and a "normalized" sense of the rate of earnings growth.
But a marketing team that is experimenting without a normalized way to gauge what it delivered at what cost is lighting dollar bills on fire.
To people like my mom, who generally disapproved of "gratuitous sex or violence" the steaminess of Sense8 could be misinterpreted as a normalized aspect of a media agenda exploiting the age-old marketing maxim: "sex sells".
On a normalized earnings basis, these stocks are trading at eight times earnings.
The company attributed improvement to a normalized benefits ratio pattern for its standalone Medicare prescription drug plans.
Is this a normalized level?
but is approx. 600/mo on a normalized basis.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com