Difference between Parametric and Non Parametric Statistics
Parametric Statistics
Parametric statistics is a branch of statistics which assumes that the data have come from a type of probability distribution and makes inferences about the parameters of the distribution. Most well known elementary statistical methods are parametric. The difference between parametric model and non-parametric model is that the former has a fixed number of parameters, while the latter grows the number of parameters with the amount of training data.