Inferential Analysis A Term You Need to Know
Inferential analysis is a statistical method used to make generalizations about a larger population based on information gathered from a smaller sample. The goal of inferential analysis is to use the results of a sample to make informed decisions and predictions about a population.
Inferential analysis involves using statistical models and techniques, such as hypothesis testing, regression analysis, and ANOVA, to draw conclusions about the population based on the sample data. For example, inferential analysis can be used to test the validity of a claim about the mean value of a population, to determine the relationship between two or more variables, or to compare the means of two or more groups.
It is important to note that the conclusions reached through inferential analysis are only as good as the sample data and the methods used to analyze that data. The results of inferential analysis should always be interpreted with caution and validated through additional testing and analysis.View More Definitions
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