Statistical Models
Statistical models are mathematical representations of a real-world system or phenomenon that are used to analyze and interpret data. These models are built using statistical methods and techniques, and are used to make predictions, identify patterns, and test hypotheses. Statistical models can be used in a wide range of applications, including finance, healthcare, marketing, and social sciences. They can be simple or complex, depending on the complexity of the system being modeled and the amount of data available. Some common types of statistical models include linear regression, logistic regression, time series analysis, and Bayesian models.
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