Phrases with «economic modelling»

Economic modelling refers to the process of creating mathematical formulas or computer programs that help understand and predict how economic systems work. It helps economists analyze data and simulate various scenarios to understand the impact of different policies, events, or decisions on the economy. It is like a tool that assists in studying and forecasting how economic factors and choices affect our society. Full definition

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Sentences with «economic modelling»

  • The study was a collaboration between three teams who have independently devised economic models of global land use. (environmentalresearchweb.org)
  • This is not an easy or inexpensive task and the problem speaks further to the need to find a more sustainable economic model for literary fiction. (publishingperspectives.com)
  • The losses are «stressed» to a «95 % confidence level» using scenarios developed in economic models. (cansofunds.com)
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