model

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Model

Any mathematical formula or other structure that economists use to explain or predict occurrences. Economists test their models with real world facts before they gain wide acceptance, but, even then, there is no guarantee that a model will always be a correct predictor. See also: Model risk.

model

An abstraction of reality, generally referring in investments to a mathematical formula designed to determine security values. Economists also use models to project trends in economic variables such as interest rates, economic activity, and inflation rates.

model

see ECONOMIC MODEL.
References in periodicals archive ?
Ms Halstead, an American model and photographer, first lived with Sweeney in London before being deported in 1988 and moving to Germany.
He was a member of the American Model Association, Rocky Hill Flying Club and Auburn Sportsman's Club.
Thank you for giving readers insight into Claire Danes' preparations for Christina Olson: American Model and her re-immersion into the art of contemporary dance.
It's the specifically American model they have to fear.
Buoyed by such prosperity, the auto industry pioneered the American model for the social contract between workers and their employers--from the $5 a day Henry Ford offered workers in 1914 to the health-care and pension benefits that became a mainstay of the expanding middle class.
An affinity for America's republican ideals undoubtedly helped Irish Catholics to adopt an American identity, but it was the uniquely American model of assimilation, based upon a mutually agreed upon set of rules, that ultimately transformed the majority of foreign immigrants into American citizens.
In Europe, we discovered the special atmosphere of a camp for children with chronic illnesses based in a castle in Ireland, danced traditional dances with Fifi and Alexia at Camp Delphi in Greece, and met Radu and Lavinia who are developing a camp based on an American model on a lake in Romania, near Dracula's stronghold.
The panel will discuss matters such as China's regulatory environment and whether Chinese low-cost carriers will adopt a European/North American model or develop a new one.
The real shame is that whenever ad hoc couple Matt (Winterbottom regular Kieran O'Brien) and Lisa (Margo Stilley, an American model who reportedly now wants to keep a low profile) talk to each other, they've nothing really to say.
government and the World Bank are working together to impose the American model of a free-market economy on uncompetitive developing countries.
Yet the Government is proposing to realign our armed forces along the American model.
After Japan's defeat by the US in World War II, the taxation system was fully redeveloped according to the American model, and a social structure was established where the very rich could not survive beyond a generation.

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