The Power of Assumptions
Yongchen Zou
DOI: 10.4236/me.2011.24056   PDF    HTML     5,452 Downloads   8,976 Views   Citations


This paper examines computational merits provided by assumptions made in scientific modeling, especially regression, by trying to exhibit abstractly a model deprived of those assumptions. It shows that the principle of Occam’s Razor has been mistakenly used as model developers’ justification to keep scientific models “as simple as possible”, and that the cost of inflating computability is truncation of model robustness.

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Y. Zou, "The Power of Assumptions," Modern Economy, Vol. 2 No. 4, 2011, pp. 514-520. doi: 10.4236/me.2011.24056.

Conflicts of Interest

The authors declare no conflicts of interest.


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