George Box: The British Statistician

George Box: The British Statistician 
The British statistician George Box argued, "All models are wrong, but some are useful." Most individuals working in the statistics field attempt to formulate theoretical models targeting to forecast a specific process's behavior. The notion of the quote implies that each model is likely wrong and cannot represent an accurate and real behavior. Moreover, though a model may not pronounce an exact reality regarding a circumstance, it could be helpful if it was relatively close enough. Box argued that people must concentrate more on if an aspect can be applied to daily life helpfully instead of just arguing limitlessly whether a solution is accurate in every case. Overall, scientists also admit that no theory accounts for 100% accuracy. Therefore, the actual test of knowledge is utility but not truth (Field, 2015).
Despite all models being wrong, "some are useful." Specifically, this means that the nearly wrong model frameworks prove users usefu...