In the Schnabel method of estimating number of animals, the number of recaptures has been assumed to follow a Poisson distribution. This approximation is useful in testing differences in population ...

What are the differences between econometrics, statistics, and machine learning? This question was originally answered on Quora by Josh Angrist.

The empirical model may also be used to construct a way to forecast the dependent variable, potentially helping policymakers make decisions about changes in monetary and/or fiscal policy to keep the ...