Mba statistical models in The fuqua school of business

"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 represents, often in considerably idealized form, the data-generating process. A statistical model is usually specified as a mathematical relationship between one or more random variables and other non-random variables. As such, a statistical model is ""a formal representation of a theory"" (Herman Ad r quoting Kenneth Bollen)."

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