Parameter of interest in statistics means any parameter that you’re analyzing or studying.
Information to include: Exemplifying answer with a thesis statement and conclusion
A thesis statement: Parameters of interest are studied in an effort to determine which variables have a statistically significant correlation with the dependent variable.
A conclusion: Parameters of interest often provide helpful insight into developments we would not otherwise know much about. For example, changes in body temperature can act as a time-lapse indicator for many physiological processes; from the digestion process to (possibly) even cancerous growths.
Thesis Statement: Variables that affect duration and frequency are parameters of interest when looking at predictive processes between independent variables and the response variable.