Seonjin Kim, Nonparametric vs Parametric Regression

To understand nonparametric regression, we should know first what the parametric model is. Simply speaking, the parametric regression model consists of many assumptions and the nonparametric regression model eases the assumptions. I will introduce what assumptions the parametric regression model has and how the nonparametric regression model relieves them. In addition, their pros and cons will be also presented.