Empirical model definition

Empirical model means a mathematical formulation whose various reaction rates and input parameters are determined through empirical formulations based on literature reviews. The simplest empirical model is a dilution model.
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Empirical model means a mathematical formulation whose various
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Examples of Empirical model in a sentence

  • Empirical model and expectations We aim at testing the hypothesis that the increase in ICT technologies polarizes the labor market by increasing the demand for highly skilled workers while decreasing the demand for middle-skilled workers.

  • Empirical model Ideally, the empirical estimation would entail a two-stage Heckman selection model, where stage one would estimate whether (or not) a procuring entity put a contract above threshold and stage two would estimate the share of the above-threshold contracts that was awarded to foreign suppliers.

  • Using the Empirical model, this analysis produces the same trend, although the results are less dramatic, indicating an increase in net benefits of $1.4 million.

  • Empirical model of global soil-biogenic NO x emissions.J. Geophys.

  • Although there are several notices issued by Ministry of Finance asking to gradually eliminate the subsidies to loss-making SOEs,8 the Chinese Statistical Yearbook for 2005 still reported 2.3 billion US$ of such subsidies.9 3 Empirical model and estimation strategy We aim to establish whether there is a link between the policy of providing production-related subsidies and export performance at the firm level.

  • Empirical model The estimated baseline panel data model has the following form: Fiscal policy measureijt = αj Minority governmentit + Σl γjlXilt + ηi + μt + uijt with i=1,…,32; j = 1,…,4; l=1,…,10; t=1,…,55 (1)where the dependent variable Fiscal policy measureijt describes the fiscal policy measure j (four dependent variables: net lending/net borrowing and the change in public expenditure both measured as a percentage of GDP for central and general government) of country i in year t.

  • Empirical model and dataApart from electoral influences, we take two factors into account in our empirical model that are not controlled by policy makers but affect fiscal policy outcomes.

  • Empirical model and issues in estimation Ideally, the empirical estimation would entail a two-stage Heckman selection model, where stage one would estimate whether (or not) a procuring entity put a contract above threshold and stage two would estimate the share of the above-threshold contracts that was awarded to foreign suppliers.

  • Empirical model This section presents an empirical model of the number of safeguards investigations by countries that participate in a trade agreement.

  • Fiscal stimulus raises aggregate demand, which is exactly what the central bank would have done with monetary policy if the central bank were not constrained by the zero lower bound.

Related to Empirical model

  • Financial Model means the financial model adopted by Senior Lenders, setting forth the capital and operating costs of the Project and revenues therefrom on the basis of which financial viability of the Project has been determined by the Senior Lenders, and includes a description of the assumptions and parameters used for making calculations and projections therein;

  • Sponsor Model means the Sponsor’s financial model, dated June 26, 2018, used in connection with the syndication of the Credit Facility.

  • Base Case Financial Model means a financial model prepared by the Borrower forecasting the revenues and expenditures of the Project for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender as of the Effective Date, which model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel – based financial model or such other format requested by the TIFIA Lender.

  • Base Case Model means the financial model and statements including profit and loss, balance sheet and financial projections reflecting the forecasted consolidated financial conditions of the Group for the term of this Agreement (for these purposes assuming both before and after the incurrence of the indebtedness under the Finance Documents), each in form and substance satisfactory to the Finance Parties addressed to, and/or capable of being relied upon by the Finance Parties.

  • Park model means a recreational vehicle intended for permanent or semi-permanent installation and is used as a primary residence;

  • Development Schedule shall have the meaning set forth in Section 1.1.

  • Development Plan has the meaning set forth in Section 3.2.

  • MSAA Indicator Technical Specifications document means, as the context requires, either or both of the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Indicator Technical Specifications November 5, 2018 Version 1.3” and the document entitled “Multi-Sector Service Accountability Agreement (MSAA) 2019-20 Target and Corridor-Setting Guidelines” as they may be amended or replaced from time to time;

  • Non-Microsoft Product means any third-party-branded software, data, service, website or product, unless incorporated by Microsoft in a Product.

  • The Project Plan means the document to be developed by the Supplier and approved by the Purchaser, pursuant to GCC Clause 19, based on the requirements of the Contract and the Preliminary Project Plan included in the Supplier’s bid. The “Agreed and Finalized Project Plan” is the version of the Project Plan approved by the Purchaser, in accordance with GCC Clause 19.2. Should the Project Plan conflict with the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • OCR means optical character recognition.

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Product Schedule means PTC’s standard order form entitled “PTC Product Schedule” (including all schedules, attachments and other document(s) specifically referenced therein) or such alternative order form as may be submitted by Customer and accepted by PTC, in each case that specifies (i) the Licensed Products and/or Services ordered; and (ii) for Licensed Products, the installation address (including the Designated Country) and the Licence Term.

  • Matrix (1 2 8 9) means a substantially continuous phase that fills the space between particles, whiskers or fibres.

  • Baseline Schedule means the initial time schedule prepared by Contractor for Owner’s information and acceptance that conveys Contractor’s and Subcontractors’ activities (including coordination and review activities required in the Contract Documents to be performed by A/E and ODR), durations, and sequence of work related to the entire Project to the extent required by the Contract Documents. The schedule clearly demonstrates the critical path of activities, durations and necessary predecessor conditions that drive the end date of the schedule. The Baseline Schedule shall not exceed the time limit current under the Contract Documents.

  • Methodology means the process used by the Steward to determine its calculation of its Supplied quantity of Designated Printed Paper and Packaging, including, but not limited to, data sources, percentage allocation of data reported, data collection systems, and the use of calculators, worksheets, commercial software, or mathematical formulae.

  • Design Criteria Package means concise, performance-oriented drawings or specifications for a public construction project. The purpose of the Design Criteria Package is to furnish sufficient information to permit Design-Build Firms to prepare a bid or a response to the District’s Request for Proposals, or to permit the District to enter into a negotiated Design- Build Contract. The Design Criteria Package must specify performance- based criteria for the public construction project, including the legal description of the site, survey information concerning the site, interior space requirements, material quality standards, schematic layouts and conceptual design criteria of the project, cost or budget estimates, design and construction schedules, site development requirements, provisions for utilities, stormwater retention and disposal, and parking requirements applicable to the project. Design Criteria Packages shall require firms to submit information regarding the qualifications, availability, and past work of the firms, including the partners and members thereof.

  • Development Phase means the period before a vehicle type is type approved.

  • Base Case Projections means the initial forecast for the Project prepared as of the Effective Date using the Base Case Financial Model.

  • House dust mite product means a product whose label, packaging, or accompanying literature states that the product is suitable for use against house dust mites, but does not indicate that the product is suitable for use against ants, cockroaches, or other household crawling arthropods.

  • Project Plan means the document to be developed by the Contractor and approved by Webel Technology Ltd., based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by Webel Technology Ltd. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Development Program means the implementation of the development plan.

  • Catalog Pricing and Pricing Requirements This is a requirement of the TIPS Contract and is non-negotiable. In this solicitation and resulting contract, "Catalog Pricing" shall be defined as: "The then available list of goods or services, in the most current listing regardless of date, that takes the form of a catalog, price list, price schedule, shelf-price or other viewable format that:

  • Design Criteria means the design criteria set out in the Ministry’s publication “Design Criteria for Sanitary Sewers, Storm Sewers and Forcemains for Alterations Authorized under Environmental Compliance Approval”, (as amended from time to time).

  • Standard operating procedure means a formal written procedure offi- cially adopted by the plant owner or operator and available on a routine basis to those persons responsible for carrying out the procedure.

  • Model shall refer to a particular brand of Vehicle sold by an OEM (e.g., Taurus, Tahoe, Grand Caravan).