STATISTICAL ANALYSIS AND MATHEMATICAL MODELLING

Statistical modelling is the process of applying statistical analysis to a dataset. A statistical model is a mathematical representation (or mathematical model) of observed data. When data analysts apply various statistical models to the data they are investigating, they can understand and interpret the information more strategically.
Rather than sifting through the raw data, this practice allows them to identify relationships between variables, make predictions about future sets of data, and visualize that data so that non-analysts and stakeholders can consume and leverage it.

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