Term: Modelling

Glossary Definition

Last Updated: 2007-11-07

Definition:

A statistical approach to looking at relationships between variables. There are two major stages in modelling--the model specification and the development of estimates. The specification stage involves the testing of theoretically relevant variables to see if they actually predict differences in an outcome. Once the variables that will be used in the model are selected (i.e., the characteristics that are both theoretically relevant and have been found to predict the outcome), weights for each of the variables are developed.

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