Statistical Model

A statistical model is a mathematical tool used to understand and describe the relationship between different data points or variables. It helps identify patterns, make predictions, or draw conclusions about a larger group based on a sample of data. Think of it as a simplified version of reality that captures key features, allowing us to analyze complex information systematically. For example, a model can estimate how factors like education and experience influence salary, helping organizations make informed decisions or researchers understand trends. Ultimately, it provides a structured way to interpret data and uncertainty.