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 ...
The purpose of statistical model selection is to identify a parsimonious model, which is a model that is as simple as possible while maintaining good predictive ability over the outcome of interest.
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Assumptions are like rules that must be followed to ensure results of a statistical analysis are valid. Common methods for generating confidence intervals operate under various assumptions. First, ...