Information Theory
Data Science
Statistical methods used to draw conclusions about populations from sample data.
Detailed Explanation
Inferential statistics involves analyzing sample data to make predictions or generalizations about a larger population. Using techniques like hypothesis testing and confidence intervals, it helps determine the likelihood that observed patterns are genuine rather than due to random chance. This approach is essential for making informed decisions based on limited data, ensuring insights are applicable beyond the immediate sample.
Use Cases
- •Use case: Estimating voting preferences from a sample survey to predict election outcomes for the entire population.
Related Terms
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