It's literally statistics applied to data.
If your data is good and you can fit it to a model it will work.
The problem is that data is often poor and the idealized models don't fit real world conditions so you can have problems like overfitting.
If your data is good and you can fit it to a model it will work.
The problem is that data is often poor and the idealized models don't fit real world conditions so you can have problems like overfitting.
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