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Data Science
Inferential Statistics

Inferential Statistics

[ˌɪnfəˈrenʃəl stəˈtɪstɪks]
Data Science
Last updated: December 9, 2024

Definition

Statistical methods used to draw conclusions about populations from sample data.

Detailed Explanation

Inferential statistics involves hypothesis testing confidence intervals and parameter estimation. It uses probability theory to quantify uncertainty and make generalizations about larger populations based on sample data.

Use Cases

1. Clinical trials 2. Market research 3. Social science research 4. Product testing

Related Terms

Big Data

Extremely large datasets that require specialized tools and techniques for processing and analysis.

Data Science

Spark

A fast and general-purpose cluster computing system for big data processing.

Data Science

Descriptive Statistics

Statistical methods that summarize and describe the main features of a dataset.

Data Science