Hi all

Thanks to your combined help I have now succeeded in what I wanted to accomplish with this. It probably isn't perfect, but it is what I can produce right now.

@Rouben Rostamian  @dharr

Thanks for your replies

I am familiar with the meaning of the terms, it was more so understanding the "code" and what is actually happening. But thank you for the clarifications. 

@mmcdara 

Thank you, I have sent you a message about a last few things.

@acer 

My apologies, this was my first question submitted here, and due to stress about getting this assignment done, I unfortunately forgot to take this into consideration. 

My bad.

@mmcdara  

Thank you for the reply, some of it makes sense to me, but some of it I dont quite understand. In my case the model nor the data are supposed to be perfect, and what I want to accomplish by this, is just to be able to comment on the discrepancys "numerically" instead of only through observations. I dont quite understand what is happening in the norm-equation, but it seems like it would be the right equation with my type of situation? I have tried it in the worksheet attached.
Download Model_vs_data.mw