👉 Modeling is a process of creating or analyzing complex systems and structures by representing them with mathematical models. It involves using data, such as measurements, observations, and simulations, to construct a mathematical model that describes the relationships between variables.
A model is usually represented in one of two ways:
1.
Statistical Model
: This type of model uses numerical values (such as numbers or percentages) to describe the behavior of real-world systems. For example, a simple linear regression model predicts how changes in
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