kurvevalg
Kurvevalg is a term used in Norwegian and Danish statistical practice to describe the process of selecting an appropriate curve to describe the relationship between variables in data analysis. It covers both choosing the functional form of the model and the method used to fit that model, with an emphasis on balancing fidelity to the data, parsimony, and interpretability.
In practice, kurvevalg involves several steps. Analysts explore the data visually and statistically, propose candidate models
Evaluation is central to kurvevalg. Criteria often include measures of fit (such as R-squared), information criteria
Applications of kurvevalg span various fields, including econometrics (modeling demand or growth curves), biology (dose-response relationships),