What Is Inferential Statistics?

In the world where knowledge is power and time is priceless, it is essential to make quick and informed decisions in order to not to be left behind. This is where a discipline named inferential statistics comes to the rescue. Its techniques help to understand general trends with only a limited set of data to […]

What Is Descriptive Statistics

In order to transform data into knowledge we need to structure it properly and understand its meaning: what qualities does it display or what trends does it indicate. Descriptive statistical methods are used for such analysis. This branch of statistics does not make forecasts or develop assumptions about broader groups of data. It only focuses […]

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