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

Published: by ;

Lei Ma (2020). 'Parsimony of Models', Datumorphism, 11 April. Available at: https://datumorphism.leima.is/wiki/model-selection/parsimony-of-models/.

Current Ref:

  • wiki/model-selection/parsimony-of-models.md