Why do I use parsimonious models?

Abstract

Today, when reading about multicollinearity – one of the most dreaded problems in regression analysis, I came across the statement of Blanchard [8]: “Multicollinearity is God’s will, not a problem with OLS or statistical techniques in general.” Immediately, I thought: “If it is really God’s will, we should keep the problem within our grasp, but not rely on God.”

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Minh-Hoang Nguyen
Phenikaa University

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