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Re: rpietila Wall Observer - the Quality TA Thread ;)
by
AnonyMint
on 03/09/2014, 08:33:42 UTC
How can you assert that a fit with one model is lesser fit than a fit with another model? Define 'lesser'?

The best fit is when you have a better R-squared value than any other fits. Excel calculates the best fits for every model automatically, so you can just conclude that a log-linear model has a better fit (0.94) than log-logistic (0.73).

If I am not mistaken, the best R-squared (least error from the data points) would be an N-degree polynomial for N data points such that the curve passes through every point.

Thus 'best fit' may have no correlation to predictive power.