Answered: Discuss what G. E. P. Box might have…

Name: Discuss what G. E. P. Box might have meant when he wrote “All models a
Uploaded: 2024-03-20T06:38:44.000Z
Channel: Bartleby
Description: Discuss what G. E. P. Box might have meant when he wrote “All models are wrong but some are useful.”

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Concept explainers

Topic Video

Question

Discuss what G. E. P. Box might have meant when he wrote “All models are wrong but some are useful.”

Expert Solution

Step 1

Model validation:

Model validation is the process of checking whether a model is valid for predicting a particular response variable. One or more models may be effective in prediction the response variable in the data. However, it is impossible to find the exact or true model for a data.

Step by step

Solved in 2 steps

Knowledge Booster

$Propositional Calculus$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions