78. Introduction of Inferential Statistics

Now that we have covered the basics of descriptive statistics it is time to move on to inferential statistics inferential statistics refers to methods that rely on probability theory and distributions in particular to predict population values based on sample data. While this definition may not be completely clear just yet starting from the next lesson we will define what a distribution is and will go through a couple of the distribution. You will likely use that work. This will naturally lead us to the point estimates and we will conclude the section with confidence intervals. We will not only present these topics but will also develop a deeper understanding of the statistical processes. This will help you a great deal if you decide to get into data science. I recommend that you complete all the exercises provided as they will reveal additional subjects you will be in charge of researching. These insights will likely b