“All Models Are Wrong But Some Are Useful” -George Box
A great quote. Here is the source: George E.P. Box, Robustness in the strategy of scientific model building, page 202 of Robustness in Statistics, R.L. Launer and G.N. Wilkinson, Editors. 1979.
See more quotes by George Box.
Related: Dangers of Forgetting the Proxy Nature of Data – articles by George Box – Quotes by Dr. W. Edwards Deming
Many thanks. I've been looking for the source of that quote for years.
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The odds of a 500 year flood don't depend on our observations or our data set. Only our estimation of the odds changes. 😉
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I heard that exact quote used by Dr. W. Edwards Deming in a seminar I attended in Norfolk, VA in 1992.