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 Siemens solution is unique in that it combines powerful financial analysis specifically designed for the energy industry by industry experts with all the data management benefits of a financial planning system.
Version 9 was designed to meet the specific needs of our client base, providing new features that give the Advisor Series some of the best functionality found in any mid-to-large-scale enterprise budgeting and financial planning system.
LDMI needed to find an immediate alternative to its existing spreadsheet- based financial planning system because it proved too difficult to accommodate the rapid growth and product diversification strategy.
The new features in Version 9 give the Advisor Series some of the best functionality found in any mid-to-large-scale enterprise budgeting and financial planning system.
The on-line financial planning system of Incam AG will soon offer the option of designing a "customer file" with individual financial data on-line which is analysed on a rule-based system and integrated into a personal assets and provisions plan.

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