The term model carries many different meanings depending on its field of application. In data mining,
a model describes and explains the relationships that exist between input data (one or more target variablest allows one to predict and explain phenomena, or to describe them. To quote George E.P. Box,
"All Models Are Wrong But Some Are Useful" from "Robustness is the Strategy of Scientific Model Building" in Robustness in Statistics. Eds., R.L. Launer and G.N. Wilkinson, 1979, Academic Press. A model that has satisfactory performance is one that possesses both:
Note: There are 2 correct answers to this question.
Currently there are no comments in this discussion, be the first to comment!