Together, these powerful statistical techniques are the foundational bedrock on which data analytics is built. Inferential statistics focus on making generalizations about a larger population based on a representative sample of that population. Because inferential statistics focuses on making predictions (rather than stating facts) its results are usually in the form of a probability. Descriptive statistics help us to summarize and understand the data we have, inferential statistics help us to make predictions and inferences about larger populations based on […]
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