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The estimate of 700,000 new nonfarm jobs is based on a complicated model the Fed uses to simulate economic conditions.
The company sold mutual funds at pre-close prices based on post-close information, using a complicated model to predict how the market would react on the next trading day, he said.
In this 1985 portrait, the snow-reflected light from a casement window falls on a mass of papers, books and files, while in the foreground is a complicated model of the structure of insulin, consisting of dozens of interlinked beads and wires.
There is no logic to starting with a complicated model.
"It's a complicated model to duplicate and achieve success," Sebastian says.
When there are sufficient observations in the training data, it is probably fine to use a complicated model.
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Then, a complicated simulation model, which considers the influencing factors, such as rules of ships entering and leaving port, navigation rules and inner anchorage scales, is constructed.
In summary, EM gives reasonable results for a fairly complicated model on a challenging dataset.
In our last example we consider a more complicated model of a phenomenon that is called topographic mapping (van Ooyen, 2003).
When performing variance analyses on DNA-microarray data, one can either use a whole-slide model or a more complicated model that allows for gene-to-gene differences.
If "moral signals" are to evolve in this setting, we will need to either examine a more complicated model that allows for a way to police the signals or introduce an additional payoff structure into the signaling portion of the game.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com