(This article was originally published at Statistical Modeling, Causal Inference, and Social Science, and syndicated at StatsBlogs.)
As we get more data, we can fit more model. But at some point we become so overwhelmed by data that, for computational reasons, we can barely do anything at all. Thus, the curve above could be thought of as the product of two curves: a steadily increasing curve showing the statistical ability to fit more complex models with more data, and a steadily decreasing curve showing the computational feasibility of doing so.
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