Question

Define model estimation. 

   Define model estimation.
A Beginner's Guide to Structural Equation Modeling
A Beginner's Guide to Structural Equation Modeling
Randall E.… 3rd Edition
Chapter 4, Problem 3 ↓

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Model estimation refers to the process of determining the parameters of a statistical model based on observed data. This involves using mathematical techniques to fit a model to the data.  Show more…

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Key Concepts

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Model Estimation
Model estimation is the process of using observed data to determine the parameters or structure of a model that describes a system or phenomenon. This involves selecting an appropriate model form and applying statistical or computational techniques to adjust the model parameters so that the model accurately reflects the data patterns and underlying processes. The result is a model that can be used for prediction, inference, or decision-making based on an understanding of the relationships within the data.
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