model

(redirected from Causal model)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

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 ?
DARPA's XAI program is developing and evaluating a wide variety of new ML techniques: modified DL techniques that learn explainable features; methods that learn more structured, interpretable, causal models; and model induction techniques that infer an explainable model from any black-box model.
Equation (4) and Equation (5) signifies that the probability of consequences of interventions can be calculated if the variables of the causal model are known.
men group as to the invariance of the structure of latent media of the causal model. The objective of the analysis was to establish if the causal model validated in the previous step functions differently in the sample of women diagnosed with alcohol consumption as opposed to the sample of men with the same disorder.
Causal Model representing the Colombian health system components
Based on criteria identification phase, direct and indirect effects and interactions between all elements are detected and causal model for green supplier selection is provided in Figure 2.
Here too path analysis was used to test the causal model to the extent the observed variables were representative of the latent constructs of the proposed model.
In other words, instead of saying that drugs hook victims, a better causal model for drug abuse is to say that people with significant problems self-medicate.
Incorporating social constructs in causal models while considering practical realities enable research to produce policy-relevant evidence.
(6.) A structural equation is an equation taken directly from the causal model. For example, linear structural equations corresponding to Figure 3 would be Y= X[beta] + T[[beta].sub.T] + u and T = Z[gamma] + v.
Asymmetries in cue competition in forward and backward blocking designs: Further evidence for Causal Model Theory.
What is more, the causal model does not 'invite' one to think about constitutional change.
It could be argued that research into child unintentional injuries that similarly linked micro-level and macro-level causes and examined mediating factors could provide a more satisfactory causal model, which may lead to more effectively targeted interventions to prevent injury.