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 ?
According to plan, MPM Auto will open 50 dealers with a sales target of 53,000 units of car in the next four years.
MPM meters can be delivered with an integrated diagnostics software tool for analysing the integrity of the various sensor components in the meter.
In terms of product development, the MPM Joint Industrial Project (JIP) entitled 'In-situ Verification II' was joined by a further three major oil companies this year to take the total up to eight participants.
The integration between MPM and wInsight not only provides superior visibility into program performance and forecasts, it also saves the end user the manual effort of moving data from one database to another.
The MPM technology consists of seven worldwide patents and the flow meter has been qualified and field proven by Statoil on behalf of the other JIP partners through a comprehensive qualification programme that lasted for more than one year.
Elizabeth Stoner joined MPM following a 22-year career at Merck Research Laboratories.
MPM is also aware of a new draft proposal from the Health and Human Services for 25 million doses of anthrax vaccine.
Planview announced and demonstrated the new product at the 2007 MPM User Group Meeting, September 10-11, in Dallas.
David's wealth of Wall Street and industry experience will be extremely valuable as we continue to invest in the best public biotech companies worldwide," commented Kurt von Emster, Portfolio Manager and General Partner of MPM BioEquities.
According to MPM Capital General Partner William Greene, M.
A number of physicians reported to MPM that when they applied Regenecare to the rash areas three to four times per day, the side effects of EGFR drugs were significantly reduced.
I first see MPM as having tremendous upside potential and therefore worthy of this type of investment.