A few more model ideas
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@ -84,6 +84,7 @@ This book focuses exclusively on structured data sets: collections of values tha
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Exploratory vs. confirmatory
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Most people think of models as confirmatory and visualisations as exploratory. But you can have confirmatory visualisations and exploratory models. This book focuses on exploration.
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### Formal Statistics and Machine Learning
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The goal of a fitted model is to provide a simple low-dimensional summary of a dataset. Ideally, the fitted model will capture true "signals" (i.e. patterns generated by the phenomenon of interest), and ignore "noise" (i.e. random variation that you're not interested in).
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A model is a tool for making predictions. Goal of a model is to be simple and useful.
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This is a hard problem because any fitted dataset is just the "best" (closest) model from a family of models. Just because it's the best model doesn't make it good. And it certainly doesn't imply that the model is true. But a model doesn't need to be true to be useful. You've probably heard George Box's famous aphorism:
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> All models are worng, but some are useful.
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