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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

model

see ECONOMIC MODEL.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
and Europe, maintains distributor relationships in Asia and has global shipping capabilities to provide animal models almost anywhere in the world.
This seems to reflect how there is no perfect animal model, and all models have degrees of applicability in comparison to the human being who is unique.
Training of Different Endoscopic Skills on Ex-Vivo Animal Model. Simulation in Healthcare.
Animal models, in contrast to the indefinite natural course of alcohol use in humans, allow researchers to determine alcohol toxicity in a way that allows them to control for multiple genetic, environmental, and alcohol consumption factors.
In most cases, small animal models such as rats or hamsters will be sufficient to assess the role of bacteria, diet or other factors in periodontal inflammation at the histological level, providing sufficient statistical significance and pre-clinical relevance.
For more information on the new animal model, go to (http://www.medicaldaily.com/animal-research-model-aids-finally-here-macaque-monkeys-successfully-infected-hiv-1-288956) MedicalDaily and (http://www.newswise.com/articles/new-monkey-model-for-aids-offers-promise-for-medical-research) Newswise websites.
However, animal models cannot predict toxicology completely in human beings.
Discovery and development for advanced medicines such as cells is blurred and lessons learned from basic research often find new application in toxicology programmes; for example, proof-of-concept studies that reveal the activity and benefits of the cell product may also reveal an animal model useful in toxicology characterization.
The draft guidance document sets forth critical characteristics for an animal model that should be addressed when efficacy of the product is under development, including categorically: characteristics of the chemical, biological, radiological, or nuclear ("CBRN") agent that influence the disease or condition; host susceptibility and response to the etiologic agent; the natural history of the disease; the trigger for intervention; characterization of the medical intervention; and overall study design considerations.
However, what would really help their effort is a validated laboratory animal model investigators could use in their studies.
XTL Biopharmaceuticals Ltd., Rehovot, Israel, announced it has reached an agreement to test an Eli Lilly & Company, drug candidate in EXT's proprietary animal model for hepatitis C.
Some animal studies have shown that the testosterone hormone can reduce the severity of the animal model of MS.