Entia non sunt multiplicanda praeter necessitatem, which translates to: entities should not be multiplied beyond necessity.
This is often paraphrased as "All things being equal, the simplest solution tends to be the best one." In other words, when multiple competing theories are equal in other respects, the principle recommends selecting the theory that introduces the fewest assumptions and postulates the fewest hypothetical entities. It is in this sense that Occam's razor is usually understood.
I am reducing my assumptions and trimming down my postulates with the fewest hypothetical entities. The formula proves to produce amazing data. Our results show slight variations, which are minimal, with a small standard of deviation. In other words, the experiment proved without a doubt that the formula dependent on our variables can have a tremendous result on our lives. Reduce the equation down to the smallest amount of variables and keep the unknowns down to their fewest ergo resulting in the simplest solution with the least amounts of unknowns.
Graph of data can be found in figure 1.2 on page 11 of the report.