Parametric model

A Parametric Model is a concept used in statistics to describe a model in which all its information is represented within its parameters. In short, the only information needed to predict future or unknown values from the current value is the parameters. Parametric models often deal with discrete values, whereas non-parametric models will frequently incorporate continuous values and are described as having infinite dimensions. 

ref: https://deepai.org/machine-learning-glossary-and-terms/parametric-model