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Models can be used in almost any domain for purposes including prediction, inference, or simply describing data. In all these cases, the predictive capacity of a model can be used to evaluate it, and we can build better, more useful models by adhering to good statistical practice.
When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.