Model

nounverified·updated May 18, 2026

A quantitative method, system, or approach that applies statistical, economic, financial, or mathematical theories, techniques, and assumptions to process input data into quantitative estimates. A model consists of three components: an information input component, which delivers assumptions and data to the model; a processing component, which transforms inputs into estimates; and a reporting component, which translates the estimates into useful business information.

Framework senses

Glossary1 senseview framework →
§1
A function that takes features as input and predicts labels as output.
Comptroller's Handbook: Model Risk Management, Version 1.01 senseview framework →
§1
A quantitative method, system, or approach that applies statistical, economic, financial, or mathematical theories, techniques, and assumptions to process input data into quantitative estimates. A model consists of three components: an information input component, which delivers assumptions and data to the model; a processing component, which transforms inputs into estimates; and a reporting component, which translates the estimates into useful business information.
Glossary of Statistical Terms1 senseview framework →
§1
A model is a formalised expression of a theory or the causal situation which is regarded as having generated observed data. In statistical analysis the model is generally expressed in symbols, that is to say in a mathematical form, but diagrammatic models are also found. The word has recently become very popular and possibly somewhat over-worked.
EU-U.S. Terminology and Taxonomy for Artificial Intelligence - Second Edition1 senseview framework →
§1
A core component of an AI system used to make inferences from inputs in order to produce outputs. A model characterizes an input-to-output transformation intended to perform a core computational task of the AI system (e.g., classifying an image, predicting the next word for a sequence, or selecting a robot's next action given its state and goals).
Wordset Dictionary9 sensesview framework →
§1
the act of representing something (usually on a smaller scale)
§2
representation of something (sometimes on a smaller scale)
§3
a type of product
§4
a hypothetical description of a complex entity or process
§5
something to be imitated
§6
a representative form or pattern
§7
a woman who wears clothes to display fashions
§8
a person who poses for a photographer or painter or sculptor
§9
someone worthy of imitation