Descriptive statistics summarizes data. Inferential statistics reasons from data about the population or process that generated it, drawing conclusions that go beyond the specific observations in hand. For personal financial data science, inferential statistics is the tool that allows you to distinguish genuine patterns from statistical noise, to quantify the uncertainty in your estimates, and to make principled decisions about when observed differences are large enough to act upon.
AmazonPages: 87, Paperback, Independently published
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