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TeachMeFinance.com - explain model model The term 'model' as it applies to the area of basic science can be defined as 'schematic description or representation of a system, theory, or phenomenon that accounts for at least some of its known or inferred properties and may be used for further study of its characteristics'. Previous 5 Terms: MOA Mobile home MOBY Modality mode Next 5 Terms: model (noun) Model (verb) Model organisms Model Output Statistics Modeling About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.