This post should be required reading for all modelers. And no, I’m not going to reproach sloppy modeling practices. This is much more interesting than that.
Sloppy models are an idea that formalizes a statement Jay Forrester made long ago, in Industrial Dynamics (13.5):
The third and least important aspect of a model to be considered in judging its validity concerns the values for its parameters (constant coefficients). The system dynamics will be found to be relatively insensitive to many of them. They may be chosen anywhere within a plausible range. The few sensitive parameters will be identified by model tests, and it is not so important to know their past values as it is to control their future values in a system redesign.
This remains true when you’re interested in estimation of parameters from data. At Ventana, we rely on the fact that structure and parameters for which you have no measurements will typically reveal themselves in the dynamics, if they’re dynamically important. (There are always pathological cases, where a nonlinearity makes something irrelevant in the past important in the future, but that’s why we don’t base models solely on formal data.)
Now, the required part. Continue reading “Sloppy System Dynamics”