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Why do I use parsimonious models?

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  • Nguyen, Minh-Hoang

Abstract

Today, when reading about multicollinearity – one of the most dreaded problems in regression analysis, I came across the statement of Blanchard [8]: “Multicollinearity is God’s will, not a problem with OLS or statistical techniques in general.” Immediately, I thought: “If it is really God’s will, we should keep the problem within our grasp, but not rely on God.”

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  • Nguyen, Minh-Hoang, 2021. "Why do I use parsimonious models?," OSF Preprints kpgbh, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:kpgbh
    DOI: 10.31219/osf.io/kpgbh
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