20140321

model

Today's issue is sponsored by Options Industry Council:
Free Options Podcasts, from The Options Industry Council.
Did you know Options can help protect your portfolio in a volatile market? Want to learn how? Our 7-part Podcast series will help you master the fundamentals of Options trading. Find out all about calls, puts, strike prices and more. Then learn to apply basic Options strategies using real market conditions.


Click Here to Download One today!
 
TERM OF THE DAY

model

Graphical, mathematical (symbolic), physical, or verbal representation or simplified version of a concept, phenomenon, relationshipstructuresystem, or an aspect of the real world. The objectives of a model include (1) to facilitate understanding by eliminating unnecessary components, (2) to aid in decision making by simulating 'what if' scenarios, (3) to explain, control, and predictevents on the basis of past observations. Since most objects and phenomenon are very complicated (have numerous parts) and much too complex (parts have dense interconnections) to be comprehended in their entirety, a model contains only those features that are of primary importance to the model maker'spurpose. Models range from simple sketches to computer ...
Learn more about this term
Usage Example
model can be used by investors and economists to project future trends for supply and demand, inflation rates, stock prices, etc.
FacebookFacebookTwitter
 
MARKETPLACE
Click to View This Offer...
 
FEATURED ARTICLE

What is Alternative Staffing?

As companies strive to find new and thoughtful ways to manage costs in their organization alternative staffing is a concept that has taken hold with many...
Read this article
 
VOICE YOUR OPINION