Parsimony of Models
For models with a lot of parameters, the goodness-of-fit is very likely to be very high. However, it is also likely to generalize bad. So we need measure of generalizability
Here parsinomy gives us a few advantages.
- easy to perceive
- better generalizations
Planted:
by L Ma;
Dynamic Backlinks to
wiki/model-selection/parsimony-of-models
:wiki/model-selection/parsimony-of-models
Links to:L Ma (2020). 'Parsimony of Models', Datumorphism, 11 April. Available at: https://datumorphism.leima.is/wiki/model-selection/parsimony-of-models/.