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SUMM: What's the purpose of the estimation? #5

Open josef-pkt opened 8 years ago

josef-pkt commented 8 years ago

Why do we estimate? What are we using the results for?

Questions while pondering model diagnostics and goodness or lack of fit measures e.g. Poisson and all LEF estimate the expected value consistently even if the rest is misspecified. But Poisson is not a good model for the distribution of overdispersed data. When do we care about distributional fit diagnostic tests and measures?