First Principles of LO LO12036

Fri, 17 Jan 1997 12:24:17 -0500 (EST)

Replying to LO12006 --

REply to LO 12006:

Rick Karash commented on the value of imperfect models in helping
us learn and accomplish goals. I recall a statement by the late "quality
guru" Edwards Deming that seems to cpature some of the essence of this
view. My recollection of the quote is, "All models are wrong, but some
models are useful."

Steven Cavaleri Ph.D.
Professor of Management
Central Connecticut State University
B New Britain, CT 06050



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