What Is Statistical Modelling? - The Friendly Statistician
What Is Statistical Modelling? In this informative video, we will break down the concept of statistical modeling and its role in understanding data. We’ll cover how statistical models are created and how they help in predicting outcomes based on various factors. You’ll learn about the different types of statistical models, including linear regression, logistic regression, decision trees, and time series analysis, and how each serves a unique purpose in data analysis.
Statistical modeling plays a vital role in various fields, from healthcare to finance, by simplifying complex data relationships and making predictions more accessible. By using real-world examples, we will illustrate how these models function and their practical applications. Whether you're a student, a professional in data science, or simply curious about how predictions are made using data, this video will provide you with a solid foundation of knowledge.
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About Us: Welcome to The Friendly Statistician, your go-to hub for all things measurement and data! Whether you're a budding data analyst, a seasoned statistician, or just curious about the world of numbers, our channel is designed to make statistics accessible and engaging for everyone.
