Statistical Modeling: What, Why, and How
Statistical modeling is a powerful tool used for analyzing data, making predictions, and drawing conclusions. This article explores what statistical modeling is, why it's important, and how it's done, providing insights into its key concepts and applications.
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Presentation Transcript
Statistical Modeling? Statistical Modeling? What is it? What is it? Why do we do it? Why do we do it? How do we do it? How do we do it?
What is Statistical Modeling? What is Statistical Modeling? = ( , ) i y = 1, , ix i n + + + 2 here w ~ (0, ) y x N 0 ~ 1 i i i i 2 | ( , ) y x N x 0 1 i i i = + ( | ) E y x x 0 1 i i i
What is Statistical Modeling? What is Statistical Modeling? = + ( | ) E y x x 0 1 i i i = = x (1, ) x ( , ) x x x i 0 1 i 0 = 1 = x ( | ) E y i i i
= x x ( ( f E y | )) i i i
