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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 ?
Paul Stallings, PhD., Vice President of Development at Kubotek, and Chief Architect of the KCM geometric modeler, compares mutexes to the classic gas station bathroom key: Imagine a service station that serves hundreds of travelers per day, and in that service station, there is only one restroom available.
Unlike the creator of the older bust, the Arc-Team modeler "was not conditioned by the icons connected to St.
HSP produces print and digital custom-content books and magazines by modelers, for modelers.
Thus far the highest insured-loss estimate for the Sandy has been up to $25 billion, issued by catastrophe modeler Risk Management Solutions.
If cities will donate elevation data, Google will host that information for free, which gives modelers more accurate terrain to deal with.
If underwriters and ratings agencies take the models too seriously, or rely too heavily on them to price the risk, then the fault lies with the underwriter or the ratings agency, not the modeler.
Furthermore, a modeler should be transparent, clearly articulating the facts and figures that went into his or her model, as well as the assumptions and oversights that are part of it.
Katrina's scope allowed the modelers to examine the wide range of damage a hurricane can produce, Dailey said.
In order to create an early visualization of his team's proposed solutions in 3D, Albinson and his team opted to adopt a solid modeler from Alibre Inc.
To meet the needs of both modelers and scientists, there are three different ways to interact with SimBiology: via a graphical interface, a tabular interface, or the command line.
This is why you'll often find Rhino co-existing with other solids modelers.
CISNET modelers have also been asked to aid in a midcourse (2005) evaluation to help determine whether reaching Healthy People 2010 upstream goals for cancer treatment, screening, and prevention will enable us to fall short of, meet, or exceed the downstream 2010 cancer mortality goals, and to retarget our efforts if necessary.