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 simulated culled number was very close to the exact number, therefore we consider this epidemiological model to be appropriate.
Using the epidemiological model in Appendix B, the summation method was used to calculate the QALYs using the appropriate weights from the literature [22].
Thus, the purpose of this paper is to present a simple epidemiological model for assessing economic damage, which is applicable to any event or natural disaster.
Directed-graph epidemiological models of computer viruses, in Proceedings of the 1991 IEEE Computer Society Symposium on Research in Security and Privacy, 342-359.
The SIS model is an epidemiological model in which the population, once infected, does not gain any immunity from the disease.
Using an epidemiological model and the WHO data, it is possible to reverse-engineer the model factors.
The paper emphasizes not only how pathogens affect the ecology of wild species, but also how ecological considerations can help in the development of epidemiological models.
The Epidemiological Model Epidemiology has many facets, but an accepted definition is that it is the study of the distribution and determinants of diseases, disabilities, injuries, and other health problems in human population groups.
A simple epidemiological model for evaluating the malaria inoculation rate and the risk of infection in infants.
The new National Eye Health Epidemiological Model (NEHEM) that has been introduced this month.
The use of an epidemiological model for estimating the effectiveness of tuberculosis control measures.

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