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 ?
Gold Award: The wellspring of the clubhouse model for social and vocational adjustment of persons with serious mental illness.
Really, the strength of this clubhouse model is people feeling better about themselves, so they can try different things.
A recent response to this dilemma is Jackson's (2001) excellent use of the clubhouse model to illustrate generalist practice.
The Clubhouse model is listed in the US Registry of Evidence-based Programs and Practices.
Following a clubhouse model, the program supports its members in their efforts to live and work in the community.