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 Reference Conceptual Model is a conceptual model of an EW real world in the problem domain.
* Develop and test conceptual models from the dental hygiene perspective
If model components were scored as part of the effort, the conceptual model visualization can be augmented with tables or figures that summarize model ratings scores.
Below we discuss the idea of the learning spaces, as developed within the DynaLearn project, to accommodate this problem, and leverage the potential of QR as an instrument for having learners acquire conceptual models of systems.
This paper provides a conceptual model that can serve as a basis for future empirical exploration of how internet usage of the Net Generations acts as an antecedent of consumer socialization agents and affects their social consciousness and purchase intensions.
Additionally, the evidence suggests that providing users with a conceptual model of the system aids them in developing a more useful mental model of the system, i.e., facilitating their understanding of how the system works.
Seeking alignment with the ISO 9000 definition of quality Moody (2005) defines conceptual model quality as "The totality of features and characteristics of a conceptual model that bear on its ability to satisfy stated or implied needs" (p.
For introduction a conceptual model for determination of environmental water requirement should be obtained information about study geographical position, herbal and animal species of wetland.
If the Latesvology conceptual model is correct, then it should be supported by a macro-view of world history.
Different theories have emerged from Rogers' conceptual model because it provides a framework that stimulates and directs research and theory development for nursing science (Gunther, 2002; J.Fawcett, personal communication, November 24, 2006).
As a conceptual model explaining the determinants of privacy concerns, this study utilized three theoretical perspectives: social contract, risk perception, and self-efficacy perspective.
After a review of the literature, a conceptual model was constructed to study antecedents and outcomes related to levels of trust in academic groups or teams.

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