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What are the advantages and disadvantages of using a statistical model?
Wiki User
∙ 12y ago
The importance of statistical modeling is obvious because we often need modelling for the purpose of prediction, to describe the phenomena and many procdures in statistics are based on assumption of a statistical model. Modeling is also important for statistical inference and make decision about population parameter.
M. Yousaf Khan
Wiki User
∙ 12y ago
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