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Descriptive statistics – Descriptive statistics deals with the presentation and collection of data. Descriptive statistics is the first part of statistical analysis. However, it is not simple as it may sound, and that is why all statistics people must be aware of designing experiments, avoiding bias and choosing the best focus group. Descriptive statistics is divided into four areas. These areas include;
- Measures of central tendency
- Measures of frequency
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- Measures of position
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Inferential Statistics – Inferential statistics involves concluding statistical analysis formed as a result of descriptive statistics. Most future predictions and generalizations come through inferential statistics. In inferential statistics, when drawing conclusions, one needs to be careful not to have biased conclusions. You must note that descriptive statistics go hand in hand, and one cannot exist without the other. There are two main areas of inferential statistics which are;
- Estimating parameters – Estimating parameters means taking a statistic from a data sample and using it to conclude about a population parameter.
- Hypothesis tests – This is where one can use sample data in answering research questions.
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Check out our informative blogs on statistics
These blogs have been written by experienced statisticians to provide an insight on various topics in statistics.
How to do Panel Data analysis in STATAWe offer homework help in Panel data analysis in STATA. Get your homework done by the most qualified experts in the industry assuring you a top grade.Panel data is a set of data in which the behavior of variables or entities is observed over time. This type of d...
Will Your Experts In Australia Do My Econometrics Homework On Time?Absolutely! They will not only meet your deadline but also make sure that the work you receive is error-free, complies with your college guidelines, and improves your understanding of econometrics as a subject. We have helped thousa...
Reliable Singapore SAS Experts Help for College StudentsCampus life is one of the most difficult stages that every person has to go through because it is the one that shapes you to be the person you want to become in the future. A slight mistake either in the course selection or in college choice ca...
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