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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;
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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.
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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.
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How Does Our STATA Homework Help Service Assist Students?STATA is an integrated software package that is used in the analysis, management, and graphical recognition of data. This software is considered sophisticated by a number of students. This is mainly because it requires knowledge of mathematics...
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