Coupon Accepted Successfully!


Descriptive & Inferential Statistics

  • Descriptive Statistics is used to summarize important characteristics of large data set.
  • Steps in descriptive statistics:
    • Collect data
    • Classify data
    • Summarize data
    • Present data
    • Proceed to inferential statistics if there are enough data to draw a conclusion
  • Inferential Statistics – Making Inference about the larger group based on actually observed smaller group
    • Making Forecast, Estimates etc.
    • Usage of probability theory for making inference


Test Your Skills Now!
Take a Quiz now
Reviewer Name