What are the different types of statistical analysis?
An example of an AI chatbot conversation about types of statistical analysis.
What are the different types of statistical analysis?
There are several types of statistical analysis, including descriptive, inferential, predictive, and prescriptive analysis.
Can you explain descriptive analysis?
Descriptive analysis summarizes data from a sample using measures like mean, median, mode, and standard deviation.
What about inferential analysis?
Inferential analysis makes predictions or inferences about a population based on a sample of data.
How is predictive analysis different?
Predictive analysis uses statistical techniques to identify patterns and predict future outcomes based on historical data.
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