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.
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 second development that has been instrumental in delivering modeling power to the foundry has been the increase in sophistication of the software that is available to build and run casting models on personal computers.
Other jewels in this TV crown include Danielle visiting an animal shelter, the girls going on a camping trip, a housewarming party and the duo casting models for their fashion show.
Seven spinning and three casting models available, with Fuji reel seats and Hardaloy aluminum oxide guides.
The use of a CAD front-end system makes it possible for any casting models to be designed.
To further replicate the look and feel of a final product, engineers can drill, tap, sand, paint, and electroplate the composite, elastomeric, or direct casting models they print with the Spectrum Z510.