Quote by George E. P. Box

All models are wrong, but some are useful.

All models are wrong, but some are useful.

Summary

This quote, often attributed to statistician George E. P. Box, acknowledges the inherent limitations of models while highlighting their utility. It implies that while models may not perfectly represent reality, they can still provide valuable insights or predictions. Models are simplifications or abstractions that allow us to understand complex systems, but they are never a complete representation of all the nuances and complexities involved. Nevertheless, despite their imperfections, models can be valuable tools for obtaining a better understanding of the world and making informed decisions.

Topics

Statistics

By George E. P. Box

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