Which Definition Best Describes Parsimony

question 71

Multiple Choice

Which definition best describes parsimony?

• A) explaining the most with the least
• B) explaining the least with the most
• C) being able to explain all of the change in the response variable
• D) being able to predict the value of the response variable far into the future

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Definitions:

Comparing

The act of evaluating two or more items, individuals, or situations in relation to each other to identify similarities or differences.

Financially

Pertaining to money or economic matters, often used to describe someone's fiscal status or decisions impacting monetary resources.

Self-Reference Effect

The tendency to better remember information related to oneself compared to information that is not personal.

Candid

Candid describes a manner of being honest, straightforward, and sincere, often in a refreshing or liberating manner, without pretensions or hidden motives.