Discover and read the best of Twitter Threads about #ModelSelection
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1/🧵✨Occam's razor is a principle that states that the simplest explanation is often the best one. But did you know that it can also be applied to statistics? Let's dive into how Occam's razor helps us make better decisions in data analysis. #OccamsRazor #Statistics #DataScience
2/ 📏 Occam's razor is based on the idea of "parsimony" - the preference for simpler solutions. In statistics, this means choosing models that are less complex but still accurate in predicting outcomes. #Simplicity #DataScience
3/ 📊 Overfitting is a common problem in statistics, where a model becomes too complex and captures noise rather than the underlying trend. Occam's razor helps us avoid overfitting by prioritizing simpler models with fewer parameters. #Overfitting #ModelSelection #DataScience
