Data analysis and the fundamental tension of modeling

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What are the two conflicting goals of data analysis and the fundamental tension of modeling? How do we resolve this tension using the model comparison approach? Explanation is supposed to include precise detail about both compact and augmented models as well as how we compare these models using the proportional reduction in error statistic and what this statistic tells us about the question at hand.

Reference no: EM132465226

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Data analysis and the fundamental tension of modeling : What are the two conflicting goals of data analysis and the fundamental tension of modeling? How do we resolve this tension using the model comparison approach?

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