What is Inferential Statistics?
Inferential Statistics
It involves making predictions and inferences about population data using sample data
Inferential Statistics
It helps in making decision for growth or adopting prevention measure
Inferential Statistics
Sample Data: It is a part of population data. Also called representative of population data.
Inferential Statistics
Sample data is used for almost all research work. And research of sample is generalised for Population data
Inferential Statistics
Population data represents each and every stackholders of research. None is excluded.
Key Concepts in Inferential Statistics
1. Hypothesis Testing
2. Confidence Interval
3. Regression Analysis
4. p-values
5. Sampling Distributions
Tools Involved in Inferential Statistics
1. SAS, R, Python
2. Excel
3. MiniTab
4.Graphing Calculators
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