For example, the business model for an advertising business may identify benefits from an arrangement for referrals to and from a printing company. Successful businesses have business models that ...

You construct a generalized linear model by deciding on response and explanatory variables for your data and choosing an appropriate link function and response probability distribution. Some examples ...

Today’s economists build models—road maps of reality, if you will—to enhance our understanding of the invisible hand. As economies allocate goods and services, they emit measurable signals that ...