Comment Re:Wow! (Score 1) 198
If the model cannot be tested, it is useless. If you are able to create the model, then you should be able to test it. That is not rocket science, it is common sense.
beta=solve(t(x) %*% x) %*% t(x) %*% y,
NO, NO, NO!
beta=solve(crossprod(X,X),crossprod(X,y))
is much nicer, and it is less susceptible to round-of errors.
"Summit meetings tend to be like panda matings. The expectations are always high, and the results usually disappointing." -- Robert Orben