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 ?
Gold Award: The wellspring of the clubhouse model for social and vocational adjustment of persons with serious mental illness.
A second pillar of the Clubhouse model is a transitional employment program in which local employers provide members with paid employment of 15-20 hours a week for six to nine months.
Following a clubhouse model, the program supports its members in their efforts to live and work in the community.
Finally, TE, as originally conceived in the Fountain House clubhouse model, only makes the particular job transitional, not the employment experience itself.
Clubhouse International Accreditation is a unique, proprietary program that helps Clubhouses achieve adherence to the International Standards for Clubhouse Programs, the set of quality assurance principles and cultural values that continue to ensure the success of the Clubhouse model around the world.