In: Statistics and Probability
for stat students, model ( linear regression, multiple regression,factorial experiments,liner model) For one statistical method, give at least three reasons why the underlying statistical model is important. three reasons for each one
Answer :
The basic measurable model (linear regression, multiple regression,factorial experiments,liner model) is commonly a mix of deductions that depends on gathered information and the populace understanding; used to anticipate data in a glorified structure.
1. Forecast: What is the yield for a lot of info information?
2. Clarification: How do the variable identify with one another or alternate factors?
How solid is the connection between the factors?
What amount of the variety in the reliant variable is clarified by the basic measurable model?
Factual model is a methodology in measurable information examination that encourages the client to find something about a wonder that is accepted to exist. This methodology clarifies the inconstancy found in the informational collection.
This is of the structure :
Information = Pattern + Residual
where variety in the watched inf
ormation can be part into two segments: the Pattern – methodical or 'clarified' variety – and the Resi
dual – remaining or 'unexplained' variety.