he highest level model becomes so general as to be true by construction.
Interesting! Can you find the reference? I’d like to see what the “panic” is about.
I think it is a good exercise. It makes clear that all models are wrong not just those at the top and they have to prove their value by being useful, i.e., make useful predictions.
I assume you refer to
Interesting! Can you find the reference? I’d like to see what the “panic” is about.
I think it is a good exercise. It makes clear that all models are wrong not just those at the top and they have to prove their value by being useful, i.e., make useful predictions.