3.24 Models: Exercise
Please discuss with your neighbor (or think about it at home)…
- What is a model?
- What is the relationship between a model and the data?
- What do we do when we estimate a model?
- What do we do when we predict values using a model?
- What is the difference between associational and causal inference?
- Please give examples for three assumptions that are quite commonly made in statistical analysis.