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 ?
The second development that has been instrumental in delivering modeling power to the foundry has been the increase in sophistication of the software that is available to build and run casting models on personal computers.
I'll be dealing with everything from sourcing outfits and casting models to creating catwalk runs and styling backstage.
Among the lineup are 10 spinning and 10 trigger casting models ranging from 6 1/2 feet to 8 feet, at suggested retail prices from $205 to $270.
For the event on February 21 at a trendy studio in Shoreditch, the 31-year-old has decided to make sure all eyes are on her autumn/ winter collection by casting models without a stitch on elsewhere.