In: Statistics and Probability
for stat students,
model ( linear regression, multiple regression,factorial experiments,liner model)
for each statistical method , why is the underlying statistical model important ? more than 4 reasons.
The underlying statistical model (linear regression, multiple regression,factorial experiments,liner model) is generally a combination of inferences that is based on collected data and the population understanding; used to predict information in an idealized form.
This means that a statistical model can be in the form of an equation or a visual representation of information/data based on research that's already been collected. Notice that the definition mentions the words 'idealized form'. This means that there are always exceptions to the rules.
The purpose of the underlying statistical model for the above mentioned techniques is Prediction and Explanation..
1. Prediction: What is the output for a set of input data? How a minor change in a particular type of input data may effect on the output information..
2. Explanation: How do the variable relate to each other or the other variables? How strong is the relationship between the variables? How much of the variation in the dependent variable is explained by the underlying statistical model?
Here is a list to help consolidate your understanding of what the underlying statistical model (linear regression, multiple regression,factorial experiments,liner mode) is:
This is of the form:
Data = Pattern + Residual
where variation in the observed data can be split into two components: the Pattern – systematic or 'explained' variation – and the Residual – leftover or 'unexplained' variation.