Statistical Classification - Assignment Point
Statistical Classification
Subject: Business Statistics | Topics:

Statistical Classification method used to build predicative models to separate and classify new data points. Statistical Classification is a classification having a set of discrete categories, which may be assigned to a specific variable registered in a statistical survey or in an administrative file, and used in the production and presentation of statistics. The observations are often known as instances, the explanatory variables are termed features (grouped into a feature vector), and the possible categories to be predicted are classes.

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