Georgia Institute Of Technology - ISYE 6501Georgia Tech_ ISYE 6501.

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1. Definition Modeling means taking a real life situation and expressing the key part of situation in terms of math. We analyze the math and turn the mathematical analysis into a real life answer.... [ Note] The mathematical expression of a real life is called a model. 2. Three Different Uses of Model in Analytics Example will help us to understand the three types of using the model. 1) If we want to predict the delivery date of packages the company ships out,we could use a regression. In this case, regression is referred to as a model 2) When you decide to predict the date of shipment based on size, weight and distance between where it is being shipping from and where it is being shipped to, all that details, the use of regression,and the use of size,weight and distance is also called regression [Show More]

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