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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 ?
The Reference Conceptual Model is a conceptual model of an EW real world in the problem domain.
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.
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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