There are three purposes for a statistical model, according to Konishi & Kitagawa: Predictions Extraction of information Description of stochastic structures Those three purposes are essentially the same as the three purposes indicated by Friendly & Meyer: prediction, estimation, description.
There are three purposes for a statistical model, according to Konishi & Kitagawa Predictions Extraction of information Description of stochastic structures Those three purposes are essentially the same as the three purposes indic,ated by Friendly & Meyer: prediction estimation, description.