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 ?
Conceptual models (Open to innovative development by dental hygiene scholars as theory-based schools of thought)
Then, to represent interactions in the conceptual model, the respondents are asked to define linkages between model components, and optionally, to rate properties of the linkages using a series of questions related to the objectives of the exercise.
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.
To operationalize this new construct, users could be provided with a conceptual model of the system.
The purposes of conceptual models can vary widely: enhance communication, document the current state of knowledge, guide system development, exploration, prediction, decision support (Beck, 2002; Moody, 2005).
However, conceptual models base on realization of model maker of physical basic process.
Human energy: A conceptual model of unitary nursing science.
Specifically, this lesson examines baseball's use as a conceptual model for sexual activity in the United States.
Ultimately I suggest that the most powerful "Idea" or conceptual model of writing center work, which I believe is the "Burkean Parlor," is difficult to express online.
When we have defined the system, we can develop a conceptual model in which the activities are defined that a system has to perform to reach the goal as stated in the root definition.
KEYWORDS: analysis patterns, conceptual model, water
The following program elements provide a framework to identify the desired program results (mission, conceptual model, goals, and competencies) as well as system elements that are needed for implementation (management, counselor contributions, needs data, counselor plans, monitoring of student progress, advisory council, and a calendar of events).

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