A Smarter Way to Learn JavaScript

Author: Mark Myers

Publisher: Createspace Independent Publishing Platform

ISBN: 9781548955472

Category:

Page: 204

View: 7575

JavaScript was written to give readers an accurate, concise examination of JavaScript objects and their supporting nuances, such as complex values, primitive values, scope, inheritance, the head object, and more. If you're an intermediate JavaScript developer and want to solidify your understanding of the language, or if you've only used JavaScript beneath the mantle of libraries such as jQuery or Prototype, this is the book for you. This updated and expanded second edition of Book provides a user-friendly introduction to the subject, Taking a clear structural framework, it guides the reader through the subject's core elements. A flowing writing style combines with the use of illustrations and diagrams throughout the text to ensure the reader understands even the most complex of concepts. This succinct and enlightening overview is a required reading for all those interested in the subject . We hope you find this book useful in shaping your future career & Business.
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A Smarter Way to Learn JavaScript

The New Approach That Uses Technology to Cut Your Effort in Half

Author: Mark Myers

Publisher: CreateSpace

ISBN: 9781497408180

Category: Computers

Page: 293

View: 7005

I found JavaScript books so frustrating, I decided to write my own. The authors of JavaScript books are probably some of the brightest people around. And maybe that's the problem. Maybe they don't know how to relate to those of us who may sometimes struggle to learn. My sister is a wonderful dancer. I dance like Bill Gates. She says, "C'mon, dancing is easy!" Yeah, for her, but not for Bill and me. She'll never teach me to dance until she understands that dancing isn't easy for me. Whether you're a beginner or an experienced coder doesn't matter. Plenty of veterans have told me, "I wish someone had used this approach to teach me [HTML, PHP, jQuery, C#, Ruby, Java, Python-fill in the blank]." Experienced or not, you'll probably like my book if you find other books too dense, too technical, and too unsympathetic to the learner's needs. What you'll especially like, I think, is that the book is just the tip of the iceberg. The larger part is the abundance of interactive exercises that encourage you to practice, practice, practice. You'll agree, I think, that without practice, a coding student might as well be reading a novel. One caveat: If you're an older programmer who has established ways of doing things, you may get bent out of shape by my insistence that you do some things that aren't habitual for you. If you think this might be a problem, please try the free sample of the book before you buy it. Then do a few of the interactive exercises. You'll soon know whether you can tolerate being pushed around by me. Here's what's different about my book: Testing showed that books and courses load up the reader with far too much information at a time. So I divide up the information into little chunks that won't overwhelm anyone. A book on coding doesn't have to be written in impenetrable legalese. It can actually be human-readable. My book is. Most people learn best through examples, so I provide plenty of them. Most important, before you have a chance to forget what you've read in the book, I ask you to fire up your desktop or laptop (not your mobile device) and head over to my website, where you run a set of interactive exercises, practicing everything you've learned-until you're sure you've mastered it. Readers tell me they often start the exercises thinking they know the material cold. and quickly find out they don't. The automated exercise manager keeps you at it until your overconfidence becomes real confidence-confidence that's based on your excellent performance. There are 1,750 exercises in all. They're all interactive, with an automated answer-checker that corrects your missteps and points you in the right direction when you stumble. And they're all free. Readers tell me the combination of book and interactive exercises is involving, fun, frustration-free, addictive, confidence-building, and...well, read the reviews. Become fluent in all the JavaScript fundamentals, with interactive practice. Display alert messages to the user Gather information through prompts Manipulate variables Build statements Do math Use operators Concatenate text Run routines based on conditions Compare values Work with arrays Run automated routines Display custom elements on the webpage Generate random numbers Manipulate decimals Round numbers Create loops Use functions Find the current date and time Measure time intervals Create a timer Respond to the user's actions Swap images Control colors on the webpage Change any element on the webpage Improvise new HTML markup on the fly Use the webpage DOM structure Insert comments Situate scripts effectively
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JSON Quick Syntax Reference

Author: Wallace Jackson

Publisher: Apress

ISBN: 1484218639

Category: Computers

Page: 142

View: 7811

This compact syntax reference covers syntax and parameters central to JSON object definitions. You’ll learn the syntax used in the JSON object definition language, logically organized by topical chapters, and getting more advanced as chapters progress, covering structures and file formats which are best for use with HTML5. Furthermore, the JSON Quick Syntax Reference includes the key factors regarding the data footprint optimization work process, the in-lining of CSS and JS files, and why a data footprint optimization work process is important. What You'll Learn • Use the object definition syntax supported in JSON• Define a JSON content production workflow• Gain an understanding of the concepts and principles behind JSON object definitions• Use JSON code snippets and apply them in your web applications• Utilize the NetBeans, Android Studio, and Eclipse IDEs for your JSON coding Who This Book Is For Web developers, Android application developers, and user interface designers.
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A Smarter Way to Learn HTML and CSS

Learn It Faster. Remember It Longer

Author: Mark Myers

Publisher: CreateSpace

ISBN: 9781508673873

Category:

Page: 258

View: 9298

The ultimate learn-by-doing approach. Short chapters are paired with free interactive online exercises to teach the fundamentals of HTML and CSS. Written for beginners, useful for experienced developers who want to sharpen their skills. Prepares the reader to code a website of medium complexity. The learner spends two to three times as long practicing as he does reading. Based on cognitive research showing that retention increases 400 percent when learners are challenged to retrieve the information they just read. Explanations are in plain, nontechnical English that people of all backgrounds can readily understand. With ample coding examples and illustrations.
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A Smarter Way to Learn Jquery

Learn It Faster

Author: Mark Myers

Publisher: Createspace Independent Publishing Platform

ISBN: 9781548955540

Category:

Page: 164

View: 7091

jQuery was written to express, in short-order, the concepts essential to intermediate and advanced jQuery development. Its purpose is to instill in you, the reader, practices that jQuery developers take as common knowledge. Each chapter contains concepts essential to becoming a seasoned jQuery developer.This book is intended for two types of readers. The first is someone who has read introductory material on jQuery and is looking for the next logical step. The second type of reader is a JavaScript developer, already versed in another library, now trying to quickly learn jQuery. I crafted this book to be used as my own personal reference point for jQuery concepts. This is exactly the type of book I wish every JavaScript library had available. This updated and expanded second edition of Book provides a user-friendly introduction to the subject, Taking a clear structural framework, it guides the reader through the subject's core elements. A flowing writing style combines with the use of illustrations and diagrams throughout the text to ensure the reader understands even the most complex of concepts. This succinct and enlightening overview is a required reading for all those interested in the subject . We hope you find this book useful in shaping your future career & Business.
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Learning JavaScript

A Hands-On Guide to the Fundamentals of Modern JavaScript

Author: Tim Wright

Publisher: Addison-Wesley

ISBN: 0133016277

Category: Computers

Page: 360

View: 3692

Get Started Fast with Modern JavaScript Web Development! With the arrival of HTML5, jQuery, and Ajax, JavaScript web development skills are more valuable than ever! This complete, hands-on JavaScript tutorial covers everything you need to know now. Using line-by-line code walkthroughs and end-of-chapter exercises, top web developer and speaker Tim Wright will help you get results fast, even if you’ve never written a line of JavaScript before. Smart, friendly, enthusiastic, and packed with modern examples, Learning JavaScript covers both design-level and development-level JavaScript. You’ll find expert knowledge and best practices for everything from jQuery and interface design to code organization and front-end templating. Wright’s focused coverage includes regular break points and clear reviews that make modern JavaScript easier to learn—and easier to use! Learning JavaScript is your fastest route to success with JavaScript—whether you’re entirely new to the language or you need to sharpen and upgrade skills you first learned a decade ago! Coverage includes • Mastering all of the JavaScript concepts and terminology you need to write new programs or efficiently modify existing code • Creating robust, secure code for both the design and development levels • Maximizing usability, reusability, accessibility, clarity, security, and performance • Taking full advantage of the browser environments your code will run in • Accessing the DOM to create behaviors and data interactions • Storing data for easy and efficient access • Using variables, functions, loops, and other core language features • Interacting with users through events • Communicating with servers through Ajax • Improving your productivity with JavaScript libraries
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JavaScript for Programmers

Author: Paul Deitel,Harvey M. Deitel

Publisher: Pearson Education

ISBN: 9780137013111

Category: Computers

Page: 448

View: 9623

The practicing programmer’s Deitel® guide to XHTML®, CSS®, JavaScript™, XML® and Ajax RIA development. This book applies the Deitel signature live-code approach to teaching the client side of Rich Internet Applications (RIA) development. The book presents concepts in the context of 100+ fully tested programs (6,000+ lines of code), complete with syntax shading, detailed descriptions and sample outputs. The book features over 150 tips that will help you build robust client-side web applications. Start with an introduction to Extensible HyperText Markup Language (XHTML®) and Cascading Style Sheets (CSS®), then rapidly move on to the details of JavaScript™ programming. Finish with more advanced client-side development technologies including XHTML’s Document Object Model (DOM®), Extensible Markup Language (XML®), XML’s DOM, JavaScript Object Notation (JSON) and Asynchronous JavaScript and XML (Ajax). When you’re finished, you’ll have everything you need to build the client side of Web 2.0 Rich Internet Applications (RIAs). The book culminates with several substantial Ajax-enabled RIAs, including a book cover viewer (JavaScript/DOM), an address book (Ajax/consuming web services) and a calendar application (Ajax/Dojo/consuming web services). TheDeitel® Developer Seriesis designed for professional programmers. The series presents focused treatments of emerging technologies, including .NET, Java™, web services, Internet and web development and more.
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Learn JavaScript Visually

Author: Ivelin Demirov

Publisher: N.A

ISBN: 9780993836701

Category:

Page: 82

View: 2616

Beautifully Illustrated book that teaches javascript fundamentals trough metaphors, analogies and easy step-by-step exercises. Visual learners retain information very differently than their left brained counter-parts, and thus benefit from different approaches. Full color illustrations help memory triggers as your brain never forgets an image, metaphor or schema. One page of a visual guide can equal one chapter of a conventional book as illustrations can make a world of difference over strictly words on a page!
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JavaScript Programming

A Complete Practical Guide for Beginners to Master JavaScript Programming Language

Author: Brian Draper,Conjoint Senior Lecturer School of Psychiatry and School of Community Medicine Brian Draper, Dr

Publisher: Createspace Independent Publishing Platform

ISBN: 9781542809283

Category:

Page: 94

View: 379

Learn JavaScript Programming Fast, Easily And In A Fun Way In No Time, Starting From The Basics! What you will learn: All the JavaScript Operators, Statements, Keywords, Variables and Syntax, JavaScript Errors, Powerful JavaScript Features, User Entry Calculation, Introduction to DreamWeaver8, Lots of JavaScript Tips to become an efficient Programmer, JavaScript in Web Application, And much much more... Get your copy today
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JavaScript

The Ultimate Beginners Guide: Start Coding Today

Author: Steve Tale

Publisher: Createspace Independent Publishing Platform

ISBN: 9781539984634

Category: Computer networks

Page: 280

View: 2929

JavaScript: The Ultimate Beginners Guide This book will help you understand what JavaScript is, its importance, and how you can use this knowledge to create your own scripts for your websites. Unlike other programming language, JavaScript is one crucial part of a website's basic elements. This specific type of language is made use of by, even the big names in the World-Wide Web (WWW), such as Google, Yahoo and Bing. That's how important JavaScript is. I know that as a beginner, you may have trouble understanding computer language, so I presented the lessons in a simple manner. I have included images too, to allow you to visualize the codes and remember them more. Also, I want you to have fun while learning this new and interesting language. Who knows? You might be able to design your own website in the future. Here Is A Preview Of What You'll Learn: Introduction to JavaScript Fundamentals of JavaScript Important Terms in JavaScript Commenting on JavaScript Codes Debugging Codes JavaScript Functions And Much, much more! Order your copy now!
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Head First JavaScript Programming

A Brain-Friendly Guide

Author: Eric T. Freeman,Elisabeth Robson

Publisher: "O'Reilly Media, Inc."

ISBN: 1449343988

Category: Computers

Page: 704

View: 2114

What will you learn from this book? This brain-friendly guide teaches you everything from JavaScript language fundamentals to advanced topics, including objects, functions, and the browser’s document object model. You won’t just be reading—you’ll be playing games, solving puzzles, pondering mysteries, and interacting with JavaScript in ways you never imagined. And you’ll write real code, lots of it, so you can start building your own web applications. Prepare to open your mind as you learn (and nail) key topics including: The inner details of JavaScript How JavaScript works with the browser The secrets of JavaScript types Using arrays The power of functions How to work with objects Making use of prototypes Understanding closures Writing and testing applications What’s so special about this book? We think your time is too valuable to waste struggling with new concepts. Using the latest research in cognitive science and learning theory to craft a multi-sensory learning experience, Head First JavaScript Programming uses a visually rich format designed for the way your brain works, not a text-heavy approach that puts you to sleep. This book replaces Head First JavaScript, which is now out of print.
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Pro React

Author: Cassio de Sousa Antonio

Publisher: Apress

ISBN: 1484212606

Category: Computers

Page: 297

View: 3222

Pro React teaches you how to successfully structure increasingly complex front-end applications and interfaces. This book explores the React library in depth, as well as detailing additional tools and libraries in the React ecosystem, enabling you to create complete, complex applications. You will learn how to use React completely, and learn best practices for creating interfaces in a composable way. You will also cover additional tools and libraries in the React ecosystem (such as React Router and Flux architecture). Each topic is covered clearly and concisely and is packed with the details you need to learn to be truly effective. The most important features are given no-nonsense, in-depth treatment, and every chapter details common problems and how to avoid them. If you already have experience creating front-end apps using jQuery or perhaps other JavaScript frameworks, but need to solve the increasingly common problem of structuring complex front-end applications, then this book is for you. Start working with React like a pro - add Pro React to your library today.
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JavaScript Absolute Beginner's Guide

Author: Kirupa Chinnathambi

Publisher: Que

ISBN: 9780789758064

Category: Computers

Page: 416

View: 4501

JavaScript Absolute Beginner's Guide No experience necessary! Make the most of JavaScript -- even if you've never programmed anything before. This book is the fastest way to learn JavaScript and use it together with CSS3 and HTML5 to create powerful web and mobile experiences. Learn how to do what you want, the way you want, one incredibly easy step at a time. JavaScript has never been this simple! This is the easiest, most practical beginner s guide to programming JavaScript with simple, reliable instructions for doing everything you really want to do! Here s a small sample of what you ll learn: Learn why JavaScript is awesome Organize your code with variables Understand how functions make your code reusable Use the popular if/else statement to help make a decision in code Learn about switch statements and when to use them Work with for, while, and do...while loops Learn how to use global and local scope Understand what closures are Learn about the various places your code can live Understand how to write comments and good commenting practices Learn about the basic types of objects you'll run into in JavaScript Find out that pizza has an educational value beyond just being deliciously awesome Understand how text is treated in JavaScript Learn how to perform common string operations Use arrays to handle lists of data Learn to create custom objects Purchase of "JavaScript Absolute Beginner's Guide" in any format includes free access to the online Web Edition, which provides several special features to help you learn: The complete text of the book online Short videos by the author introducing each chapter Interactive quizzes to test your understanding of the material Updates and corrections as they become available This Web Edition can be viewed on all types of computers and mobile devices with any modern web browser that supports HTML5. Contents at a Glance 1 Hello, World! Part I: The Basic Stuff 2 Values and Variables 3 Functions 4 Conditional Statements: If, Else, and Switch 5 Meet the Loops: For, While, and Do While! 6 Timers 7 Variable Scope 8 Closures 9 Where Should Your Code Live? 10 Commenting Your Code Part II: It s an Object-Oriented World 11 Of Pizza, Types, Primitives, and Objects 12 Strings 13 When Primitives Behave Like Objects 14 Arrays 15 Numbers 16 A Deeper Look at Objects 17 Extending Built-in Objects 18 Booleans and the Stricter === and !== Operators 19 Null and Undefined 20 Immediately Invoked Function Expressions Part III: Working with the DOM 21 JS, The Browser, and The DOM 22 Finding Elements in the DOM 23 Modifying DOM Elements 24 Styling Your Content 25 Traversing the DOM 26 Creating and Removing DOM Elements 27 In-Browser Developer Tools Part IV: Dealing with Events 28 Events 29 Event Bubbling and Capturing 30 Mouse Events 31 Keyboard Events 32 Page Load Events and Other Stuff 33 Handling Events for Multiple Elements 34 Conclusion "
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HTML & CSS: The Complete Reference, Fifth Edition

Author: Thomas Powell

Publisher: McGraw Hill Professional

ISBN: 9780071741705

Category: Computers

Page: 856

View: 8020

The Definitive Guide to HTML & CSS--Fully Updated Written by a Web development expert, the fifth edition of this trusted resource has been thoroughly revised and reorganized to address HTML5, the revolutionary new Web standard. The book covers all the elements supported in today's Web browsers--from the standard (X)HTML tags to the archaic and proprietary tags that may be encountered. HTML & CSS: The Complete Reference, Fifth Edition contains full details on CSS 2.1 as well as every proprietary and emerging CSS3 property currently supported. Annotated examples of correct markup and style show you how to use all of these technologies to build impressive Web pages. Helpful appendixes cover the syntax of character entities, fonts, colors, and URLs. This comprehensive reference is an essential tool for professional Web developers. Master transitional HTML 4.01 and XHTML 1.0 markup Write emerging standards-based markup with HTML5 Enhance presentation with Cascading Style Sheets (CSS1 and CSS 2.1) Learn proprietary and emerging CSS3 features Learn how to read (X)HTML document type definitions (DTDs) Apply everything in an open standards-focused fashion Thomas A. Powell is president of PINT, Inc. (pint.com), a nationally recognized Web agency. He developed the Web Publishing Certificate program for the University of California, San Diego Extension and is an instructor for the Computer Science Department at UCSD. He is the author of the previous bestselling editions of this book and Ajax: The Complete Reference, and co-author of JavaScript: The Complete Reference.
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A Software Engineer Learns HTML5 , Javascript & Jquery

Author: Dane Cameron

Publisher: CreateSpace

ISBN: 9781493692613

Category: Computers

Page: 256

View: 9255

HTML5 web applications are now capable of matching or exceeding the scale and sophistication of desktop applications, but with the unique advantage of running natively inside the web browsers on billions of desktop computers, phones, TVs and tablets. This revolution (or more correctly - evolution) has happened for a number of reasons: Browsers have introduced new standards-based APIs allowing web applications to (amongst other things) store data offline, retrieve data from the server dynamically, spawn background processes and interact with the filesystem. Software engineers and programmers have begun to think of the much maligned JavaScript language in a new light, and unlock its potential as a rich and expressive language capable of producing large scale, well-structured applications. The jQuery library has eased the pain of interacting with Document Object Model, and therefore writing applications that dynamically respond to user interaction. The HTML markup language has been overhauled and extended to provide more semantic meaning, and many additional elements and attributes. A Software Engineer Learns HTML5, JavaScript and jQuery guides you through the process I went through as an experienced software engineer, writing a large-scale, standards based web-application for the first time. It is intended to teach you the fundamentals of HTML5, JavaScript and jQuery - without presenting you with long lists of APIs, or intricate details of every feature (these can be found in reference manuals). This book is not a simple introduction to the subject matter: it guides you through the process of building a feature-rich web application. The application begins simple, and becomes gradually more complex as additional APIs and features are introduced. This book includes the following content: An introduction to the HTML5 markup language, and how it differs from HTML4 and XHTML. An introduction to JavaScript, including an in-depth look at its use of objects and functions, along with the design patterns that support the development of robust web applications. An introduction to jQuery selection, traversal, manipulation and events. An in-depth look at the Web storage and IndexedDB APIs for client side data storage. A guide to implementing offline web applications with the Application Cache API. An introduction to the ways JavaScript can interact with the users file-system using the FileReader API. A guide to the use of Web Workers in web applications. An introduction to AJAX, and the jQuery API supporting AJAX. An introduction to Server Sent Events and Web Sockets. This book is intended for anyone with at least a superficial knowledge of HTML and programming (in any language).
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Head First JavaScript

Author: Michael Morrison

Publisher: "O'Reilly Media, Inc."

ISBN: 1449368573

Category: Computers

Page: 652

View: 7057

So you're ready to make the leap from writing HTML and CSS web pages to creating dynamic web applications. You want to take your web skills to the next level. And you're finally ready to add "programmer" to the resume. It sounds like you're ready to learn the Web's hottest programming language: JavaScript. Head First JavaScript is your ticket to going beyond copying and pasting the code from someone else's web site, and writing your own interactive web pages. With Head First JavaScript, you learn: The basics of programming, from variables to types to looping How the web browser runs your code, and how you can talk to the browser with your code Why you'll never have to worry about casting, overloading, or polymorphism when you're writing JavaScript code How to use the Document Object Model to change your web pages without making your users click buttons If you've ever read a Head First book, you know what to expect -- a visually rich format designed for the way your brain works. Head First JavaScript is no exception. It starts where HTML and CSS leave off, and takes you through your first program into more complex programming concepts -- like working directly with the web browser's object model and writing code that works on all modern browsers. Don't be intimidated if you've never written a line of code before! In typical Head First style, Head First JavaScript doesn't skip steps, and we're not interested in having you cut and paste code. You'll learn JavaScript, understand it, and have a blast along the way. So get ready... dynamic and exciting web pages are just pages away.
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Advances in the Theory and Practice of Smart Specialization

Author: Slavo Radosevic,Adrian Curaj,Radu Gheorghiu,Liviu Andreescu,Imogen Wade

Publisher: Academic Press

ISBN: 0128041595

Category: Business & Economics

Page: 394

View: 8551

Regional growth in the European Union hinges to a large extent on smart specialization, a new and exciting theme in economic innovation studies. Advances in the Theory and Practice of Smart Specialization illuminates problems that have stifled the implementation of smart specialization policies, such as unique regional constraints and the inter-dependent demands of economic growth and commercial development. Forward-looking and pragmatic, it provides guidance for developing smart specialization strategies both to those involved in European affairs and others grappling with regional innovation and economic development worldwide. Emphasizes specific contexts for smart specialization, its international approach and institutional preconditions Examines comparable initiatives worldwide Explains how to implement smart specialization policies given different development levels of regions and countries
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JavaScript

Programming Basics for Absolute Beginners

Author: Nathan Clark

Publisher: Createspace Independent Publishing Platform

ISBN: 9781974581214

Category:

Page: 152

View: 2239

JavaScript Made Easy - a Step-by-Step Guide for Beginners Get the Kindle version FREE when purchasing the Paperback! Learning a programming language can seem like a daunting task. You may have looked at coding in the past, and felt it was too complicated and confusing. This comprehensive beginner's guide will take you step by step through learning one of the best programming languages out there. In a matter of no time, you will be writing code like a professional. JavaScript is a popular client-side scripting language that is used to develop products and applications to run in a web browser. Almost all applications that you see on the web will have JavaScript running in some form or another. There is no limit to the extent of functionality that can be created using JavaScript. What This Book Offers Made for Beginners This guide is written specifically for beginners. We take you step-by-step through writing your very first program, explaining each portion of code as we go along. We guide you through choosing an IDE, as well as the various elements of coding in JavaScript. 106 Practical Examples With each concept, we provide one or more example to illustrate the topic in a way that makes it easy to understand. We break examples down into their basic workings, and provide the output for you to compare to your own results. Introduction to JavaScript For newcomers to JavaScript we look at what the language has to offer, its origin and design goals, features and capabilities, as well as JavaScript based frameworks, before stepping into more in-depth topics. Key Topics Basics of JavaScript Writing Your First Program, Step-By-Step Basic Program Structure Which IDE to Choose Features and Uses of JavaScript Sample Applications Data Types Variables Operators Type Conversions Numbers Strings Booleans Working with Dates Get Your Copy Today!
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A Programming Project

Learning to Code With Google Sheets & Docs

Author: Lisa Avery

Publisher: Createspace Independent Publishing Platform

ISBN: 9781511888349

Category:

Page: 42

View: 4904

An introduction to coding for beginners. This book shows you how to take advantage of the Google App Script environment to learn Javascript coding. No software or special hardware is required - just an internet connection and a Google account. The book walks step-by-step through the process of writing a simple math game using Google Sheets. Once you have completed the project you will have the knowledge and confidence to work through the other projects on the Learn Coding with Google site and be comfortable with basic Javascript. Written with kids in mind, the book is accessible to anyone wanting to learn how to code and would be especially beneficial to upper-year elementary school teachers.
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A SMART Approach to Portfolio Management

An Innovative Paradigm for Managing Risk

Author: Arun Muralidhar

Publisher: N.A

ISBN: 9780615385617

Category: Portfolio management

Page: 197

View: 9092

The year 2008 was a watershed year as dramatic market movements exposed the flaws in the theory and practice of pension fund management. Solvency declined dramatically, hedge funds did not deliver, rebalancing policies detracted value and liquidity dried up tainting the allure of "alternative" investments. Static policies for dynamic markets are undoubtedly flawed and have to be changed with the support of appropriate liquid, transparent and low cost benchmarks; implicit bets need to be made explicit and managed; naive performance measures have to be improved; and the CAPM needs to be revamped dramatically. But this process can only start with investors taking the time to understand how various market factors influence assets or managers and then develop a set of rules so that as the factors evolve over time, the optimal portfolio evolves simultaneously. SMART (Systematic Management of Assets using a Rules-based Technique) management of assets and liabilities leads to improved solvency and a lowering of ALM risks. SMART is about introducing good process namely, only measured and monitored risks can be managed. This book presents a new design for pension fund management that allows CIOs to be smart about managing assets relative to liabilities and, at the same time, allows them to access alpha flexibly (and compensate managers only when they demonstrate skill), thereby improving solvency.
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