We are standing in the last quarter of the year 2020. This year has been very difficult for the whole world. We did not know how to react to these weird situations. We did not know how to be efficient and productive in this pandemic. Something similar happened around 100…

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Being a Statistician, i always admire the beauty of Statistics subject. Where it helps to forecast sales/profits/losses of an organization, it also helps to keep a check on mental health. Psychological Statistics helps to understand mental conditions and early detection of mental health related issues like depression. Predictive modelling can be used to predict mental health related issues. Psychological tests are designed in a technical way so that their score has a statistical significance as well. Statistics is just amazing!

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What is the difference between a statistical model and a mathematical model?

Mathematical models explain functional relationship between y and x in non-random or non probabilistic environment. On the other hand, statistical models explain functional relationship between x and y in stochastic/ random/ probabilistic environment. The error term in a statistical model is responsible for introducing randomness.

Mathematical model: y=b0+b1*X
Statistical model: y=b0+b1*X+e

Where y is response, X is a explanatory variable, e is the error term, bo and b1 are regression coefficients.

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Lokesh Sharma

Lokesh Sharma

Data Sciennce Manager || M.Sc. Statistics (2018) || I like to express my thoughts through my writings.