Economy, asked by ompandey76075838, 2 months ago

17. What is statistical classification? What is the importance of such a classification?

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Answered by Anonymous
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Explanation:

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Statistical classification helps in determining the set to which a particular observation belongs. Multiple methods can be used for the classification process, namely, Frequentest procedure and Bayesian procedure among others. It helps in quicker arranging and collection of data,as well as more efficient work rate.

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