Introduction

  • Mike West
  • Jeff Harrison
Part of the Springer Series in Statistics book series (SSS)

Abstract

This book is concerned with modelling, learning and forecasting. A basic view of scientific modelling is that a model is any “simplified description of a system (etc.) that assists calculations and predictions” (Oxford English Dictionary). More broadly, a model is any scheme of description and explanation that organises information and experiences providing a means of learning and forecasting. The prime reason for modelling is to provide efficient learning processes which will enhance understanding and enable wise decisions.

Keywords

Depression Europe Covariance Polyethylene Marketing 

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Copyright information

© Springer Science+Business Media New York 1989

Authors and Affiliations

  • Mike West
    • 1
  • Jeff Harrison
    • 2
  1. 1.Institute of Statistics and Decision SciencesDuke UniversityDurhamUSA
  2. 2.Department of StatisticsUniversity of WarwickCoventryUK

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