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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

What are the kinds of Statistics? - Economics

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What are the kinds of Statistics?

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Solution

Types of Statistics:

There are two major types of statistics named Descriptive Statistics and Inferential Statistics.

  • Descriptive Statistics: The branch of statistics devoted to the summarization and description of data is called Descriptive Statistics.
  • Inferential Statistics: The branch of statistics concerned with using sample data to make an inference about a population of data is called Inferential Statistics.
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Types of Statistics
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Chapter 12: Introduction to Statistical Methods and Econometrics - Model Questions [Page 280]

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Samacheer Kalvi Economics [English] Class 12 TN Board
Chapter 12 Introduction to Statistical Methods and Econometrics
Model Questions | Q 22. | Page 280
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