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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 ?
It is now time for the KCM modeler to bring software developers to new levels of speed, interoperability and a future of new possibilities.
Modelers will be connected to the scale modeling community at large through their ongoing Trip Reports section that will deliver dispatches from shows, events, and places of interest.
STG Product Modeler clients now have the ability to manage on-going updates on their own, or outsource such maintenance to MajescoMastek.
Two of the major modelers now incorporate with recent releases a short-term frequency perspective of the hurricane exposure.
Located next to the CAD workstation, the 3D Modeler requires no exhaust hood or special facilities, providing a natural extension to the engineering workstation and easily fitting into an office environment.
Driven by the ongoing priority for advancements to core algorithms, 3D ACIS Modeler extends Boolean and Stitching capabilities.
Plug&Score Modeler is software for building and managing scorecards as fast and easy as possible.
There's consensus also among the cat modelers that things aren't going to get better.
Like a printer, the new modeler hooks up for use with just a power cable and an Ethernet connection to the user's CAD network.
Climate modelers have a reasonably good handle on the greenhouse part of the equation.
The new Kalido Business Information Modeler addresses this problem.
In addition to the professional team report, each modeler submits a detailed document providing the commission with substantial information required by the commission.