Statistical models predict stock trends using historical data and mathematical equations. Common statistical models include regression, time series, and risk assessment tools. Effective use depends on ...

Abstract: Assumptions play a pivotal role in the selection and efficacy of statistical models, as unmet assumptions can lead to flawed conclusions and impact decision-making. In both traditional ...

Statistical modeling continues to deliver distinct value to businesses both independent of, and in concert with, machine learning. “Artificial intelligence” (AI) and “machine learning” are among the ...

Statistical modeling lies at the heart of data science. Well-crafted statistical models allow data scientists to draw conclusions about the world from the limited information present in their data. In ...

Following PRISMA guidelines, we performed a systematic literature review of the aforementioned statistical and ML models published between January 2008 and December 2022 through searching five digital ...