A statistical model is a mathematical tool used to represent real-world situations and make predictions or draw conclusions based on data. It helps us understand and analyze patterns, relationships, and trends in the data. Full definition
To assess the economic consequences of plan changes it is important to have reliable statistical models of employee retirement behavior. (caldercenter.org)
Revenue management is a critical function for any organization which expects the personnel to be skilled in using statistical models, mathematical analysis, and other tools to derive the expected results. (bestsampleresume.com)
These characteristics were used in statistical models to adjust for whatever differences remained between students who were offered and not offered vouchers. (educationnext.org)