# 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.