Model Diagnostics

Daniel P. McGibney
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Daniel P. McGibney: University of Miami

Chapter Chapter 8 in Applied Linear Regression for Business Analytics with R, 2023, pp 179-219 from Springer

Abstract: Abstract Knowing the correct mathematical model can be tremendously helpful when trying to make predictions. In many cases, however, a mathematical model that is relatively close to the true state may suffice. Yet this process brings its challenges. The quote from Mark Twain shown above alludes to the difficulty of attempting to find a mathematical model that is acceptable enough.

Date: 2023
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DOI: 10.1007/978-3-031-21480-6_8

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