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 ?
Total quantity or scope: LOT I: 1.Desktop Model I, LOT II: 1.Desktop Model II LOT III: 1.Desktop Model III LOT IV: 1.All-in-one Model I, 2.
Information on the snowflake simulations by Griffeath and Gravner, including software for the model and animations that show it in action, are available at psoup.math.wisc.edu/Snowfakes.htm.
Their levels of formal architecture education and training usually vary, and their domain knowledge of the area being modeled is usually low.
As reported in April, the On-Spec OS-1 is a volumetric version ($1895) and the OS-B a gravimetric model ($4495).
We believe that the diversity and professional training of our members--combined with our six-decade record of working cooperatively with tax authorities--enable us to bring a balanced and practical perspective to the issues raised by the Multistate Tax Commission's Model Statute.
Pouring out of a ladle employs both the translational and rotational time-dependent prescribed motion to model the process of liquid metal flowing from a ladle into a sand mold.
Many people concluded that the keiretsu structure of the Japanese supply model was one of their primary competitive advantages vs.
A model has been designed that provides both instructional technique and cognitive theory to accommodate the difficulties of structure provision and personal/group direction of learning.
But even if employers know which valuation model works better for them, they still may have doubts about how to build it.
The 2086, with 2,600- pound rated capacity, is Mustang's first model in this size range.
anybody who had a bright idea would try to create a new model system.