Search results
Results from the Tech24 Deals Content Network
t. e. Statistical inference is the process of using data analysis to infer properties of an underlying distribution of probability. [1] Inferential statistical analysis infers properties of a population, for example by testing hypotheses and deriving estimates. It is assumed that the observed data set is sampled from a larger population.
Statistics (from German: Statistik, orig. "description of a state, a country") [ 1][ 2] is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. [ 3][ 4][ 5] In applying statistics to a scientific, industrial, or social problem, it is conventional to begin with a statistical population or ...
t. e. In statistical modeling, regression analysis is a set of statistical processes for estimating the relationships between a dependent variable (often called the 'outcome' or 'response' variable, or a 'label' in machine learning parlance) and one or more independent variables (often called 'predictors', 'covariates', 'explanatory variables ...
Statistical hypothesis testing is a key technique of both frequentist inference and Bayesian inference, although the two types of inference have notable differences. Statistical hypothesis tests define a procedure that controls (fixes) the probability of incorrectly deciding that a default position ( null hypothesis ) is incorrect.
Applied statistical inference. Statistical theory provides the basis for a number of data-analytic approaches that are common across scientific and social research. Interpreting data is done with one of the following approaches: Estimating parameters. Providing a range of values instead of a point estimate. Testing statistical hypotheses.
A statistical model is a mathematical model that embodies a set of statistical assumptions concerning the generation of sample data (and similar data from a larger population ). A statistical model represents, often in considerably idealized form, the data-generating process. [ 1] When referring specifically to probabilities, the corresponding ...
Multivariate statistics. Multivariate statistics is a subdivision of statistics encompassing the simultaneous observation and analysis of more than one outcome variable, i.e., multivariate random variables. Multivariate statistics concerns understanding the different aims and background of each of the different forms of multivariate analysis ...
Data analysis is the process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making. [1] Data analysis has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is used in different business, science ...