What does supervised statistical learning aim to predict based on one or more inputs?

Prepare for the Statistics for Risk Modeling (SRM) Exam. Boost your confidence with our comprehensive study materials that include flashcards and multiple-choice questions, each equipped with hints and explanations. Gear up effectively for your assessment!

Supervised statistical learning focuses on creating a model that can predict an output variable based on one or more input variables. This approach is designed to learn relationships between the inputs and the output from labeled training data, allowing it to make accurate predictions for unseen data.

The term "output" encompasses both qualitative and quantitative outputs, meaning it includes any variable that the model is trying to predict or classify based on the inputs. Hence, the correct choice reflects the broad aim of supervised learning, which is to establish a definitive link between input characteristics and their corresponding outputs.

While qualitative and quantitative outputs (which refer to specific types of outputs) and decision variables (often relevant in decision-making contexts) are relevant aspects of predictions, they are considered subsets or specific cases under the general category of "output." Since the question inquires about the general aim of supervised statistical learning, the most accurate answer is indeed the broad term "output."

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy