What Is Meant by the Term 'Parsimony

question 4

Multiple Choice

What is meant by the term 'parsimony'?

• A) Simpler explanations of a phenomenon are preferred to complex explanations.
• B) As more variables are identified, the model becomes more informed.
• C) Complex explanations of a phenomenon are more accurate.
• D) Simpler explanations have insufficient power.

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Definitions:

Categorical Variable

A type of variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other unit of analysis to a particular group or nominal category.

Cubed-Root Transformation

A statistical technique used to stabilize variance, make the data more closely conform to a normal distribution, or improve the interpretability of data with skewed distributions.

Log Transformation

A mathematical operation that replaces a variable with the logarithm of that variable to help normalize data or manage skewed distributions.

Arcsin Transformation

A data transformation technique used to stabilize the variance when the data follow a binomial distribution.