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 ?
According to plan, MPM Auto will open 50 dealers with a sales target of 53,000 units of car in the next four years.
MPM meters can be delivered with an integrated diagnostics software tool for analysing the integrity of the various sensor components in the meter.
The MPM Heartland House was built in 1922 by architect Fred S.
This means that MPM is still able to perform individual meter calibration and test each meter which is manufactured, thus maintaining the highest quality standards whilst simultaneously increasing production capacity.
MPM Capital is one of the world's largest dedicated investors in the life sciences.
MPM insures in excess of 32% of Missouri physicians and has been the market leader since its inception.
MPM foiled has the same qualities as the traditional MPM and is used to reduce vibrations and structure borne sound without increasing the weight of the construction and at the same time replace already existing materials.
MPM applies its expertise in biotechnology by finding entrepreneurial teams that have first-rate technology, strong intellectual property and a desire to work with leading venture capital firms, such as MPM, to help them build strong companies.
MPM is an earned value management (EVM) software application used by government contractors and agencies to meet the complex compliance requirements for their programs issued by the US Federal Government.
MPM realised that they could significantly improve this by utilising electromagnetic tomography principles to measure the dielectric properties of oil, gas and water and obtain much higher resolution and sensitivity on the flow measurements than is possible with conventional technology.
MPM has since raised a $600 million fund -- BioVentures II -- and in December 2002 set a record with the creation of the largest life sciences venture capital fund in the world, BioVentures III, a $900 million fund.
MPM Capital, the largest venture capital investor dedicated solely to healthcare, announced today that it has made a $20 million investment in Sai Advantium Pharma, a leading chemistry-driven drug discovery and development service company headquartered in Hyderabad, India.