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 ?
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.
Understanding more about materials properties in liquid state for casting models and solidification parameters for these advanced materials is essential both for monitoring the parts production process and secure a high quality of the manufactured products.