Statistical Learning

Statistical learning is a field that combines statistics and machine learning to analyze data and make predictions. It involves using mathematical models to understand patterns within datasets, enabling us to make informed decisions based on past information. For example, by studying trends in sales data, businesses can anticipate future demand. Statistical learning techniques help identify relationships between variables, allowing for more accurate predictions, whether in finance, healthcare, or any other area. Essentially, it’s about using data to learn and improve decision-making processes.