Can I read Parametric Models in Statistics Overview on EtoBox?
Parametric Models in Statistics Overview by Kenneth Wong is a document available to read on EtoBox.
What is Parametric Models in Statistics Overview about?
Parametric models assume that data belongs to a certain distribution family like normal or exponential. They are easy to use but have errors from incorrect parameters or models. Non-parametric models make no assumptions and adhere closely to data, but are hard to make inferences from. Examples of parametric survival analysis include the uniform, exponential, Gompertz and Weibull distributions, while the Lee-Carter model accounts for cohort effects over time. Parametric models with explanatory factors includ
- Author
- Kenneth Wong
- Language
- EN