Statistical Inference
Statistical Inference is the process of drawing conclusions about a population based on a sample of data from that population. It involves using probability theory and statistical methods to make inferences about the characteristics of a population, such as its mean, variance, or distribution. Statistical inference can be used to test hypotheses, estimate parameters, and make predictions. There are two main types of statistical inference: estimation and hypothesis testing. Estimation involves using sample data to estimate the value of an unknown population parameter, such as the mean or variance. Hypothesis testing involves using sample data to test a hypothesis about a population parameter, such as whether the mean is equal to a specific value. Statistical inference is a fundamental concept in data science and is used in a wide range of applications, including business, healthcare, and social sciences.
Your Previous Searches
Random Picks
- Flexibility: Flexibility in Data Science refers to the ability of a system or model to adapt to changes in the data or environment without requiring significant modifications. A flexible model can handle a wide range of inputs and can adjust its paramet ... Read More >>
- Model Complexity: Model complexity refers to the level of sophistication of a statistical or machine learning model in capturing the underlying patterns in the data. A model with high complexity can capture intricate relationships between the input features ... Read More >>
- Transport: Transport in data science refers to the process of moving data from one location to another. This can include transferring data between different storage devices, such as hard drives or cloud servers, or transmitting data over a network, su ... Read More >>
Top News
Meta approves bonuses of up to 200% of company executives' salaries...
Meta approved a plan to increase bonuses for company executives to up to 200% of their base pay amid layoffs targeting about 4,000 employees....
News Source: Business Insider on 2025-02-21
Dr. Mehmet Oz holds millions from companies that he'd wield power over if confir...
Dr. Mehmet Oz holds millions of dollars worth of shares in health insurance, fertility, pharmaceutical and vitamin companies...
News Source: ABC News on 2025-02-20
Elon Musk quietly built a second mega-data center for xAI in Atlanta with $700 m...
xAI built a massive data center in Memphis last year, but the company has also been quietly setting up another facility in Georgia....
News Source: Business Insider on 2025-02-20
China's Alibaba sees revenue surge on back of artificial intelligence, e-commerc...
Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China...
News Source: ABC News on 2025-02-20
Why the billionaire class is kissing Trump’s proverbial ring...
The billionaire set and the massive corporations they represent are not showing deference to the president....
News Source: Al Jazeera English on 2025-02-20