course: IN PREP (Stats Series) Getting started with statistical models

Statistical Models¶

Before we get into details regarding a few statistical tests, it might be important to discuss a few key concepts common across statistical models. That allowed me, back in the days, to unify different statistical models that I learned separately and had troubles connecting as part of the same world

As we saw before, (data) scientists test hypothesis to come up with a model of how a certain phenomenon works. Some models might be quite good at capturing the truth of the process, while others might not be so good at it. The degree to which a model reflects the data used for analysis is the fit of the model. As I discussed in other posts, the fit is not everything, and the model should be generalizable. But I am getting ahead of myself...Let's go back to the fit.

Type of data¶