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Statistical modeling is a branch of computer science that involves building models of data using statistical methods. A model is an attempt to represent data in a way that makes predictions about what the data will mean (or do). The process of building models involves choosing which variables to include and how to represent them. Models can be used to make predictions about future data, estimate unknown parameters, or even to compare different models. Statistical modeling is useful in fields such as finance, health, and marketing, and many companies rely on statistical modeling to make decisions based on data
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