STATISTICAL MODEL


Meaning of STATISTICAL MODEL in English

as opposed to deterministic , a statistical model gives a inexact relationship between X ( independent variable ) and Y ( dependent variable ) that for a given value of X there are many values of Y , we can only wish to know the mean or average value and probability distribution of so many Y .

Sean Woo's Finance, GIS and real estate English glossary.      Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance.