2011
DOI: 10.4236/me.2011.24056
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The Power of Assumptions

Abstract: This paper examines computational merits provided by assumptions made in scientific modeling, especially regression, by trying to exhibit abstractly a model deprived of those assumptions. It shows that the principle of Occam's Razor has been mistakenly used as model developers' justification to keep scientific models "as simple as possible", and that the cost of inflating computability is truncation of model robustness.

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Cited by 2 publications
(1 citation statement)
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“…Porter believes that industrial agglomeration is a form of spatial organization that creates competitive advantages in terms of efficiency, benefit and flexibility. It is generally accepted that industrial agglomeration refers to the agglomeration in a particular space of related firms in a particular industry and its associated supporting structures [1].…”
Section: Introductionmentioning
confidence: 99%
“…Porter believes that industrial agglomeration is a form of spatial organization that creates competitive advantages in terms of efficiency, benefit and flexibility. It is generally accepted that industrial agglomeration refers to the agglomeration in a particular space of related firms in a particular industry and its associated supporting structures [1].…”
Section: Introductionmentioning
confidence: 99%