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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

What do you mean by Inferential Statistics? - Economics

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Question

What do you mean by Inferential Statistics?

Answer in Brief

Solution

Inferential Statistics:

The branch of statistics concerned with using sample data to make an inference about a population of data is called Inferential Statistics. It draws conclusions for the population based on the sample result. It uses hypotheses, testing, and predicting on the basis of the outcome.

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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 23. | Page 280
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