Update README.md

README.md

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 ## Overview
-This model is used to identify statistical named entities in large text.
+This model is used to identify statistical named entities in large text. Statistical Named Entities are entities that indicate the presence of a statistical claim (such as a hypothesis of an experiment) along with the type of test and the confidence value.
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+Use this model in your repo to categorize a text document to find claims, test statistics and probability scores. The model uses Flair NLP from ground-up to develop a Stats NER for researchers.
 
 ## Usage