#george box

[procurement-insights]

QUESTION: Why is the Hansen Fit Score accuracy in matching the right Practitioner with the right ProcureTech Solution providers more than double that of traditional analyst models?

George Box, Strand Commonality And A 2008 Procurement Insights Post And Why They Matter in 2025

[younes-ben-amara]

ما من شيءٍ يضيع؛ كلُّ شيء بقدرٍ

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[vertov-mango]

All models are wrong, but some are useful.

George E. P. Box, Science and Statistics (1976).

[moneyfyi]

All Models Are Wrong

All Models Are Wrong

We use statistics every day. We use them to find errors in processes we can control and to estimate the likely future. In the early years at Rennaisance Technologies, Simons and others used stochastic differential equations in their models of the market. They may still. I haven’t read the rest of the book yet. The Man Who Solved The Market.

Their underlying thesis was articualted by Carl…

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[redpenblackpen]

Science smh

[somethoughtseeds]

[worldcutestpet]

All models are wrong, some are useful

George E. P. Box (18 October 1919 – 28 March 2013) 

One of the greatest British Statistician in the 20th century

Parsimonious models

True in time series modelling 

Easier to use, Easier to interpret, Easier to explain

[fhrevue]

"Essentially, all models are wrong, but some are useful."

Box, George E. P.; Norman R. Draper (1987). Empirical Model-Building and Response Surfaces, p. 424, Wiley. ISBN 0471810339.