Saturday, April 4, 2015

Models may be wrong, but . . .

"Essentially, all models are wrong, but some are useful."

George Box

George Box & Norman Draper, Empirical Model Building and Response Surfaces (New York: John Wiley Sons, 1987), quoted in David R. Bell, Location Is (Still) Everything: The Surprising Influence of the Real World on How We Search, Shop, and Sell in the Virtual One (Seattle: Amazon Publishing, 2014), p. 86 (attributing the quotation to "the famous statistician George Box")

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