Parametric models are least reliable when historical information was used to create the model.

Name: Parametric models are least reliable when historical information was used to create the model.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Parametric models are actually more reliable when historical information is used to create the model, as it allows for the incorporation of past trends and patterns. Non-parametric models may be less reliant on past data but may also be less accurate in their predictions.

Parametric Models Are Least Reliable When Historical Information Was Used