Statistics for Data Science
by James C. Mott, Rajprasath Subramanian, Shaikh Salamatullah, James D. Miller, Vijayakumar Ramdoss
Data models
You will find that statistical data models are at the heart of statistical analytics.
In the simplest terms, a statistical data model is defined as the following:
A representation of a state, process, or system that we want to understand and reason about
In the scope of the previous definition, the data or database developer might agree that in theory or in concept, one could use the same terms to define a financial reporting database, as it is designed to contain business transactions and is arranged in data structures that allow business analysts to efficiently review the data, so that they can understand or reason about particular interests they may have concerning the business.
Data scientists develop statistical data models ...
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