Model selection is the task of selecting a statistical model from a set of candidate models, given data. In the simplest cases, a pre-existing set of data is considered. However, the task can also involve the design of experiments such that the data collected is well-suited to the problem of model selection. Given candidate models of similar predictive or explanatory power, the simplest model is most likely to be correct.
Read more about Model Selection: Introduction, Methods For Choosing The Set of Candidate Models, Experiments For Choosing The Set of Candidate Models, Criteria For Model Selection
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