For instance, firms are allowed to "smooth" out movements in asset prices, so that their profits are not excessively volatile.
Companies are allowed to smooth the (often volatile) value of their pension assets and liabilities but at the expense of clarity.
Companies were allowed to "smooth" the numbers by phasing in market changes in the values of pension fund assets, so there was reason to complain that the figures could be misleading.
The proposed algorithm allows to approximate smoothed expectations of additive functionals online, with a complexity growing only linearly with the number of particles and without any discretization procedure or Taylor expansion of the transition densities.
It allows people to smooth their spending over a lifetime.
To economists, debt is important to the extent that, in a sophisticated economy, it allows individuals to smooth their consumption over their lifetimes.
Borrowing is not always bad: it can improve economic efficiency by allowing people to smooth consumption over their lifetime.
The technique is fairly innocuous in normal times, allowing governments to smooth out their labor costs over many years.
They will also allow suppliers to smooth the peaks and troughs of UK electricity demand by offering cheaper electricity at times of low demand, and increasing the price when demand is high.
Another was the supposed depth and sophistication of the rich world's financial systems, which, it was said, allowed households to smooth their spending, firms to diversify their borrowing and banks to unburden their balance-sheets.
