What are the main challenges in statistical methods?

What are the main challenges in statistical methods?

Some key challenges include data quality, model selection, and interpretation of results.

Can you elaborate on data quality issues?

Sure! Data quality issues can arise from missing values, outliers, and measurement errors, affecting analysis.

How does model selection impact statistical analysis?

Model selection is crucial as it determines how well the model fits the data and generalizes to new data.

What are some common statistical methods that face these challenges?

Common methods include regression analysis, ANOVA, and machine learning algorithms, all of which can be impacted.