Re: Goodness of fit measures for a distribution

Unknown wrote:
Well, it's one I would go for. It's time to trot out the well known G.E.P. Box quote: "All models are wrong, but some are useful". This suggests that "best" is not a good criterion (because it'll never be right anyway, and there are an infinite number of models you could try). I suppose the criterion used in practice is "good enough". And we try to discourage people from putting a number on that as well.

Bob



Yes, and I guess that would explain the fact why there are over 100 distributions out there when one could have "good enough" results with the Normal distribution right?

No, they exist be cause the normal distribution is often not good enough.

Bob

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