R corset: Bringing Math models back in shape

So your perfect ideal mathematical model returns values that are impossible; probabilities bigger than one or smaller than zero, negative stock market values, et cetera, and now you feel like quoting George Box… again.

corset-math

Sometimes the mathematical model embeds a solution to keep things real like, for example, logistic regressions. However, very often many popular models like ARIMA offer no possibility to bound its results within business or scientific constrains, and then what? These are a few common options:

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