{"product_id":"simplicity-inference-and-modelling-keeping-it-sophisticatedly-simple-9780521121354","title":"Simplicity, Inference and Modelling: Keeping It Sophisticatedly Simple","description":"\u003cp\u003e • Author(s): Arnold Zellner | Hugo A. Keuzenkamp | Michael McAleer\u003cbr\u003e • Publisher: Cambridge University Press\u003cbr\u003e • Publisher Imprint: Cambridge University Press\u003cbr\u003e • BISAC: Metaphysics\u003c\/p\u003e\u003cp\u003eThe idea that simplicity matters in science is as old as science itself, with the much cited example of Ockham's Razor. A problem with Ockham's Razor is that nearly everybody seems to accept it, but few are able to define its exact meaning and to make it operational in a non-arbitrary way. Using a multidisciplinary perspective including philosophers, mathematicians, econometricians and economists, this monograph examines simplicity by asking six questions: What is meant by simplicity? How is simplicity measured? Is there an optimum trade-off between simplicity and goodness-of-fit? What is the relation between simplicity and empirical modelling? What is the relation between simplicity and prediction? What is the connection between simplicity and convenience?\u003c\/p\u003e","brand":"Cambridge University Press","offers":[{"title":"Paperback","offer_id":47609173442711,"sku":"9780521121354","price":5626.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780521121354.webp?v=1775056771","url":"https:\/\/atlanticbooks.com\/products\/simplicity-inference-and-modelling-keeping-it-sophisticatedly-simple-9780521121354","provider":"Atlantic Books","version":"1.0","type":"link"}