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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 ?
Auto Business News-9 July 2008-Honda to unveil Open Study Model concept at London Motor Show(C)2008 ENPublishing - http://www.enpublishing.co.uk
The design of the research was based on a qualitative phenomenological case study model. The author collected data through an intensive case study and then subjected the data to analytical induction.
In the series of study models for the LVMH Tower, progress could be followed from the original theme of stack boxes to the unified curved volumes permitted by the latitude of a third property acquired on the site.
We are providing better understandable study models to programmable robots to educational institutes, from reverse engineering to product development in industries.
"This system will be formed on the basis of study models of pre-trial dispute resolutions in various countries," the association said.
These groups include remarkable examples of successful adaptive radiations and may serve as study models for many important phenomena in evolution and biology.
His central ideas are using tensor geometry as a natural language to deal with multivariate probability distributions, developing new combinatorial tools that can be used to study models with hidden data, and focusing on the semi-algebraic structure of statistical models.
The courses of MEFMA's programme will be available via eLearning and classroom study models.
In the museum, there are more than 300 models, a mixture of study models and finished ones.
Biologists present relatively new sexual selection study models based on animal species in the New World tropics that have been intensively studied during the past 20 years.

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