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model
(redirected from stochastic model)

   Also found in: Dictionary/thesaurus, Medical, Financial, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
model noun antetype, archetype, copy, copy in miniature, design, example, exemplar, exemplum, gauge, guide, ideal, image, imitation, miniature, mold, paradigm, paragon, pattern, plan, precedent, prototype, replica, representation, sample, specimen, standard
Associated concepts: Model Code
See also: absolute, arrangement, build, case, code, copy, criterion, design, epitome, example, exemplar, exemplary, forge, form, guide, ideal, illustration, instance, laudable, make, norm, paradigm, paragon, paramount, pattern, precedent, principle, produce, professional, prototype, representative, rule, sample, specimen, standard, stellar, style, symbol, typical

MODEL. A machine made on a small scale to show the manner in which it is to be worked or employed.
     2. The Act of Congress of July 4, 1836, section 6, requires an inventor who is desirous to take out a patent for his invention, to furnish a model of his invention, in all cases which admit of representation by model, of a convenient size to exhibit advantageously its several parts.



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? Mentioned in ? References in periodicals archive
 
We simulated these early stages by using a stochastic model for which every simulation is different.
The ability of our stochastic model to predict these empirical regularities gives us confidence regarding its ability to capture the underlying mechanism behind the assignment process.
The identification of industry beta stability and the identified best stochastic model will help to determine whether the forecasting method for beta is optimal since the industry adopts different estimation methods.
 
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