INTRODUCTION TO STATISTICAL LEARNING
INTRODUCTION TO STATISTICAL LEARNING
21st Edition
ISBN: 9781071614174
Author: James
Publisher: SPRINGER
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Chapter 2, Problem 6E

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Difference between a parametric and non parametric model

ParametricNon parametric
It reduces estimating f to the problem of estimating parameters.It avoids assumptions about the shape of f.
It uses flexible models.It is excellent for non linear models.
The chosen model will not match the true unknown form.It has the option to fit a wider range of possible shapes for f...

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