# Key Benefits of Simple Modelling

Ideas behind the core concepts of
analysis world are complex as their implementation and area of descriptions are
multifaceted. In its simplest form **analytical models** are models, generally,
prescribed in mathematics that have form of explanations to the solution matrix i.e.
changes in equations can be described in said formulation with the help of expressed
mathematical analytic function. The nature of the model may give hints about the
** behavior** of said equations with or without a need of a graphical inspection.
Although they are very mathematically challenging to obtain, they are one of the key
factors of numerical solution, in which **descriptive and predictive analysis can
be
done. **

Nonetheless, the market and academia have sided exactly opposite
between themselves in terms of arguments on behavioral description and prediction.
On one hand, academia suggesting complex solutions to already complex problems of
**prediction.** Although, improvements in AI, ML, and other interdisciplinary
data
sciences paved the way for *easier functional analysis of complex problems,*
they are
still hard to obtain and hard to interpret due to their ever-changing structural
nature.

TOn the other hand, agents of the market generally omit the technical
parts of the analytics and focus on the *rules of thumb.* The
**description** and
**prediction** mechanism of agents of the market are most of the time
*result-oriented*
notions that are simply answering *what is happening? What will happen?*
questions.
However, with the 21st century paradigm, everything got bigger so big data
needs far more complex analysis than usual rules of thumb. Therefore, last empirical
evidence on big data analysis showed that **simple modelling is necessary but not
sufficient to state the nature of the situation.** Although, market analysis
suggests
that way, there are lots of models widely used, which are simpler than almost any
model but works flawlessly. That is, being **consistent** among both small
samples and
larger samples is far more important than being complex.

Hence, whether they are complex or simple, having a model on analytics basis is a great tool for description of nature and prediction of behavior. Thus, having even a basic model tool shows great leaps towards better understanding for structural notions. Moreover, there are some other benefits of general analytical modelling such as :

**Easing away the complexity of the data****Preserving knowledge for future implementations****Reusability for infinitely many times as long as assumptions hold***Automation*some task over models

Therefore, having this analytical tool in hand to describe and predict
the nature of the behavioral mechanics of the integrated variables. In fact,
although there are some key benefits of complex models, simpler ones are as well
good at what they are designed for. Alas, the delusion of simpler models are worse
than the others comes from the fallacy of mixing that complex models are inclusive
and simple models are just, as name suggests, basic. However, accurate
interpretation is that whether a model is simple or not it must be **all
inclusive;**
that is, it must include all things that are relevant for the job i.e. they must be
pragmatic assumptions. Hence, instead of omitting the relevant parts of any model
for the sake of simplification, making it inclusive with all relevant variables and
coefficients are much better, for all abovementioned benefits of modelling can be
seen by it; plus, it paves the way for further implications.

In conclusion, although complex models are mathematically superior to
simple ones, the market naturally wants **simpler** and **result-oriented**
models whether
they are theoretical or atheoretical as long as they suggest solutions to initial
and further problems.