Question: As George Box (maybe) said all models are wrong, but some areuseful. (Links to an external site.)' This week's discussionis an opportunity for you to
As George Box (maybe) said "all models are wrong, but some areuseful. (Links to an external site.)' This week's discussionis an opportunity for you to think critically about when the modelwe've developed is useful and when it is not.
In your response to this discussion, please answer two questions(3 points) and then comment on a classmate's post (2 points):
- Describe an example of a decision for which you think thismodel would do a good job of predicting many peoples' decisions.Why? (1 point)
- Describe an example of a decision for which you think thismodel would NOT yield accurate predictions. What do you think ismissing that makes the model inadequate in this case? (1point)
- Comment on a classmate's post. Do you agree/ disagree? Can youthink of a way to improve our model to address their concerns? (1point)
Step by Step Solution
There are 3 Steps involved in it
An example of a decision for which the model weve developed would do a good job of predicting many p... View full answer
Get step-by-step solutions from verified subject matter experts
