What is inferential statistics?
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Inferential statistics is an analytical procedure used to answer questions related to a population. It is used to draw conclusions about a population based on a sample. It is a form of inductive statistics in which a sample is applied to a population to make generalizations about the population. Inferential statistical techniques are commonly used in research and decision making.