Business Studies, asked by kousarfazeela786, 6 hours ago

(a) What is the difference between the statistical model and the mathematical model? Explain it by giving examples?

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Answered by anu560070
2

Answer:

A statistical model is a mathematical model that embodies a set of statistical assumptions concerning the generation of sample data (and similar data from a larger population). ... A statistical model is usually specified as a mathematical relationship between one or more random variables and other non-random variables.

Explanation:

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