# S1 - Chapter One - Fundamentals

• Created by: jackjj9
• Created on: 20-11-16 11:55
What is a statistical model?
A mathematical way of showing the outcomes of a real world problem
1 of 10
Give 2 advantages of statistical models (RWP = Real World Problem)...
Simplify RWP / Understand RWP / Quicker and cheaper / Predict future outcomes of the RWP / Help refine the model
2 of 10
Give 2 disadvantages of statistical models...
Only works for restricted range of values / Only gives a partial description of the RWP
3 of 10
Give the first stage of devising a statistical model...
Observe a RWP
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Give the second stage of devising a statistical model...
Devise a mathematical model
5 of 10
Give the third stage of devising a statistical model...
Make predictions about the RWP based on the mathematical model
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Give the fourth stage of devising a statistical model...
Collect experimental data from the RW
7 of 10
Give the fifth stage of devising a statistical model...
Compare predicted and observed outcomes
8 of 10
Give the sixth stage of devising a statistical model...
Assess to what degree the mathematical model represents the RWP
9 of 10
Give the seventh stage of devising a statistical model...
Make refinements to the mathematical model
10 of 10

## Other cards in this set

### Card 2

#### Front

Give 2 advantages of statistical models (RWP = Real World Problem)...

#### Back

Simplify RWP / Understand RWP / Quicker and cheaper / Predict future outcomes of the RWP / Help refine the model

### Card 3

#### Front

Give 2 disadvantages of statistical models...

### Card 4

#### Front

Give the first stage of devising a statistical model...

### Card 5

#### Front

Give the second stage of devising a statistical model...