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
4 of 10
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
6 of 10
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...

Back

Preview of the front of card 3

Card 4

Front

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

Back

Preview of the front of card 4

Card 5

Front

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

Back

Preview of the front of card 5
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