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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 ?
Microsoft Visual Modeler and Rational Rose for Visual Basic share a common code base and offer a scalable, integrated, fully compatible set of solutions for the Visual Basic programmer.
They are solid, mature modelers and were great for their day.
HSP produces print and digital custom-content books and magazines by modelers, for modelers.
Travelers' Coyle said modelers will continue to work on several areas, including closing the gap on unmodeled exposures, additional refinement of newer products, probability models for events such as fire and infectious diseases, and potentially moving into closing the gap on data quality.
That first consultation highlighted the need for active engagement and creative tension between modelers and policy experts.
The fact that energy use remained low with relatively low prices suggests, first, that modelers did not account for technological and market changes that kept energy demand in check; and, second, that modelers underestimated the potential within the U.
The company further explains that TeamWork allows multiple modelers to be synchronized while working concurrently on related architectural components.
The Leader in Business Process Management Announces Record 75,000 Downloads of Savvion Process Modeler
There's consensus also among the cat modelers that things aren't going to get better.
Climate modelers might view the sulfur factor as both a blessing and a curse.
BOSTON -- AIR Worldwide Corporation (AIR) is introducing a comprehensive education and training program to meet the growing industry need for skilled catastrophe risk modelers and managers.
If information was submitted to a regulator, it would become public information, and the modelers were reluctant to divulge their modeling secrets in which they often had invested millions of dollars.