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Question
providing an explanation for using residual plots
george box, a famous statistician, once said, \all models are wrong, but some are useful.\ what did george box mean by this statement?
All models are simplifications of reality and thus not perfect representations. However, some models can still make useful predictions and offer insights, helping us understand and work with real - world phenomena despite their inherent inaccuracies.
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All models are simplifications of reality and not perfect, but some can still be useful for prediction and insight - giving.