Broads Quote by Kenneth A. Bollen

A model is a good model if first it interprets a wide range of observations in terms of a simple and elegant model, and…

— Stephen Hawking

Remember that all models are wrong; the practical question is how wrong do they have to be to not be useful.

— George E. P. Box

The validity of usefulness, adequacy of popular standards can be tested only by research that violates them.

— Paul Feyerabend

...all models are approximations. Essentially, all models are wrong, but some are useful. However, the approximate nature of the model must always be borne…

— George E. P. Box

Quality is determined by accuracy and completeness.

— Larry Sanger

A model's robustness depends on how often it gets tried out and tweaked based on data and its performance.

— Zeynep Tufekci

“Model utility depends not on whether its driving scenarios are realistic (since no one can know that for sure), but on whether it responds…

— Donella H. Meadows

All models have faults - that doesnt mean you cant use them as tools for making decisions.

— Myron Scholes

All models are wrong; some models are useful.

— W. Edwards Deming

All models are wrong, but some are useful.

— George E. P. Box

All models have faults - that doesn't mean you can't use them as tools for making decisions.

— Myron Scholes

The purpose of models is not to fit the data but to sharpen the question.

— Samuel Karlin