View Full Version : Parsimonious regression model
11-02-2005, 04:46 AM
Hi, I am trying to finish an assignment and I am stumped on one question. It is asking me to build a valid parsimonious regression model. What do they exactly mean by parsimonious? and how do I build one of these models. Please help! regards Sarah
11-02-2005, 08:09 AM
Parsimonious means "mean" or "tight-fisted" normally, but in statistics it refers to simplicity. Therefore a Parsimonious model refers to the "simplest plausible model with the fewest possible number of variables".
So I guess that a "parsimonious regression model" would be any type of simple linear regression e.g. a regression line for two variables which is straight line passing through the graphs origin (see: http://www.isixsigma.com/dictionary/Simple_Linear_Regression-332.htm and related pages).
That's what I think anyway, but don't quote me on this!
I hope this is some help,
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