What is the definition of statistical modeling?
Understand the Problem
The question is asking for the definition of statistical modeling, which involves understanding the concept, techniques, and applications of creating a mathematical model to represent the data and underlying processes in statistics.
Answer
A mathematical representation using statistical assumptions to describe sample data.
A statistical model is a mathematical representation that uses statistical assumptions to describe and make inferences about sample data.
Answer for screen readers
A statistical model is a mathematical representation that uses statistical assumptions to describe and make inferences about sample data.
More Information
Statistical models help in predicting outcomes and understanding the relationship between variables by making use of mathematical constructs and statistical assumptions.
Tips
Avoid confusing statistical models with purely mathematical models; the former incorporates statistical assumptions about data generation.
Sources
- What is Statistical Modeling? Definition and FAQs | HEAVY.AI - heavy.ai
- What Is Statistical Modeling? | Coursera - coursera.org
- Statistical model - Wikipedia - en.wikipedia.org