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 ?
OTC Bulletin Board: FCSC) is a biotechnology company focused on the development of autologous cell therapies for aesthetic, medical and scientific applications.
OTCBB: FCSC) is an autologous cellular therapeutic company focused on the development of innovative products for aesthetic, medical and scientific applications.
And, as one can see from the latest TOP500 rankings, the AMD Athlon MP processors provide the level of performance needed for compute-intensive scientific applications.
IMPI is a generalization of the Message Passing Interface (MPI), the de facto standard for writing parallel scientific applications in the message passing programming paradigm, now provided by all high-performance computer vendors.
In most scientific applications, 10 decimal places are sufficient.
OTCBB: FCSC), an autologous cellular therapeutic company focused on the development of innovative products for aesthetic, medical and scientific applications, announced today that David Pernock, the Company's Chairman and CEO, will host an investor conference call to discuss Fibrocell's business update for the first quarter ended March 31, 2012 on Tuesday, May 15, 2012 at 4:30 PM Eastern Time.

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