difference between mathematical model and statistical model
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Answers
What is the difference between Mathematical Model and Statistical Model ??
Both Statistical as well Mathematical models involve mathematical formulas and equations but this this not mean that both are the same thing. Mathematical models are kind of static model that represent a natural/real phenomenon in mathematical form; the models once formulated does not necessitate to change the form after they are formed. However statistical or data based models are enough flexible to change as per arrival of new data as they can incorporate new and emerging patterns and trends; this is where pattern recognition/machine learning come into focus.
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