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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

model

see ECONOMIC MODEL.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
XYZ SCIENTIFIC APPLICATIONS INC., LIVERMORE, CALIF.
* Enhanced interoperability with third-party engineering and scientific applications.
There is no shortage of applications for blimps, Seeking to capitalize on this growing market, a Sioux Falls, S.D., company is now producing large tethered aerostats for military, homeland security and scientific applications.
It is designed to efficiently scale in storage capacity, file directory size and performance by providing base platform options that can support exponential data growth for scientific applications. The 5000 and 7000 series provide expanded functionality and enable support of a broad range of storage options.
The smaller pumps, such as the EV20 and EV40, are also suitable for use in scientific applications. The EV range provides continuous operation from atmosphere to ultimate vacuum.
a leading provider of biotechnology-based detection solutions for a broad range of food, water, agricultural, industrial, environmental and scientific applications, has announced that Berlex Inc., a U.S.
BOC supplies gas mixtures for gas chromatography and scientific applications, and its Edwards division manufactures vacuum pumps for laboratory instruments.
The company founded in 1992 is leader in the field of embedded high performance digital systems for industrial, telecommunication and scientific applications. The Company turn over was 2 million Euro in 1998, 2.5 million Euro in 1999 and 4 million Euro in 2000.
PR-HQ-02-11750 to perform various tasks, including those related to systems development, data management, training, statistical services, and scientific applications. SAIC protests that the agency failed to properly consider Lockheed Martin's potential organizational conflicts of interest.
It offers a fully functioning UNIX-based computational cluster ready to run BLAST (for rapid searching of nucleotide and protein databases), HMMER (for making models of biological sequences), EMBOSS (for sequence analysis), or other scientific applications from a powerful, easy-to-use Web interface.
The company's cryocoolers are based on rotary and linear Stirling and Gifford-McMahon technologies for use in vacuum, applied superconductivity, electro-optical and scientific applications.
-- Enabling SGI and open source developers to employ the n-tier paradigm to scientific problems and provide techniques to quickly develop and test new distributed scientific applications.

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