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Overly tight model fit

Overly tight model fit: Data, Economic Modeling, and Forecasting with Stata
Overly tight model fit: Data, Economic Modeling, and Forecasting with Stata

You can make a model fit too well. This means it cannot adapt to new data, so the variables and inputs could be useless. Discover why it is beneficial to have some level of error in your models and why an imperfect model can be better than a perfect one.

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Skill Level Beginner
49m 22s
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Skills covered in this course
Business Business Skills Marketing Stata

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