“The Business of Beef ” is a regular series produced by the Bush Agribusiness team
“All models are wrong, some are useful!”
This astute aphorism is attributed to George Box, a British statistician of the twentieth century. It is something that any of us who perform modelling or longer-term budgeting should keep in mind.
A phone call from a beef producer to discuss recent extension messages on herd fertility reminded me of the quote. The producer was attending an event where one of the key messages being delivered was that it was not economical to pursue improved fertility via…
