by Terry Oldberg
This essay continues the argument which I initiated in Part I. To summarize, in Part I, I described a kind of model that was a procedure for making inferences. One kind of inference was a prediction from a known state of nature called a “condition” to an uncertain state of nature called an “outcome.” Conditions and outcomes were both examples of abstracted states. I pointed out that sets of conditions of infinite number could be defined on the Cartesian product space of a model’s independent variables and that each of these sets defined a different model. Thus, models of infinite number were candidates for being built.
