What are Parametric and Non-Parametric Models?

1.	What are Parametric and Non-Parametric Models?
Answer» Parametric MODELS will have limited parameters and to PREDICT new data, you only NEED to know the parameter of the model. Non-Parametric models have no limits in TAKING a number of parameters, allowing for more FLEXIBILITY and to predict new data. You need to know the state of the data and model parameters.

Answer»

Parametric MODELS will have limited parameters and to PREDICT new data, you only NEED to know the parameter of the model.

Non-Parametric models have no limits in TAKING a number of parameters, allowing for more FLEXIBILITY and to predict new data. You need to know the state of the data and model parameters.

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What are Parametric and Non-Parametric Models?

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