modeling

(mŏd'l-ĭng)
n.

1. The act or art of sculpturing or forming in a pliable material, such as clay or wax.
2. 1. Representation of depth and solidity in painting, drawing, or photography.
   2. Visual shape and texture of something regarded aesthetically, especially the human face or form.
3. The act or profession of being a model.

View more Technology videos

Simulating a condition or activity by performing a set of equations on a set of data. See data model, data administration, financial planning system and scientific application.

Download Computer Desktop Encyclopedia to your PC, iPhone or Android.

designing and manipulating a mathematical representation of an economic system or corporate financial application so that the effect of changes can be studied and forecast. For example, in Econometrics, a complex economic model can be drawn up, entered into a computer, and used to predict the effect of a rise in inflation or a cut in taxes on economic output.

Previous:	Mock Trading, Mobile Home Certificate
Next:	Modern Portfolio Theory, Modified Accelerated Cost Recovery System (MACRS)

The art and science of constructing models.

• mathematical m. — the use of a set of consequential mathematical formulae to create a numerical model of the possible events in a system. Introduction of a series of values for individual constants makes it possible to produce a series of results that mirror the outcome of practical experiments.

For a list of words related to modeling, see:

• Painting Tools and Techniques - modeling: technique of depicting three-dimensional objects on two-dimensional surface
• Sculpture Tools and Techniques - modeling: building up of three-dimensional form, as opposed to carving

---