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 ?
Using the data model as your data source may just help you automate some manual steps and help you get your work done faster.
This paper addresses the problem of accessing data represented in different data models by using a unique query language.
An indoor patrol facility data model has PatroLFac_Basic, Patrol_Fac_Location, and Patrol_Fac_Properties classes.
In this section we have proposed an Object Oriented Data Model for DNA Structure.
Graph based data model is also represented in a formal language by using graph in theory Graves (2012).
Instead of remotely sensed images, the data model is used to import GIS polygon layers (also raster would be possible) and perform change comparison analyses (geospatial overlay) by making use of the described advantages.
Sinclair: I think the real genius of the PODS Data Model is the way each record has an 'address' on the pipeline.
(7) We used the free software R to perform our empirical analysis (R Development Core Team 2011), using functions for the analysis of count data models described in detail by Jackman (2012) and Zeileis et al.
The aim is to identify the best methodologies for data models and the most effective way to create Enterprise Service Bus (ESB) to meet integration needs, it said.
The traditional data models, i.e., the relational data model and the hierarchical data model, cannot express all desired business data.
We realized we really needed our own enterprise data model to support the continued development of data standards," says Shane McCullough, chief enterprise architect, ACORD.
While many systems only make the most recent loan data available at any given time, RELAY'S universal data model makes available the various states of data as the loan evolves, in real time, and highlights discrepancies.