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Descriptive statistics vs Inferential statistics vs Predictive analytics


Can someone please explain the difference between descriptive, inferential and predictive analytics.

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By Jyotsnamayee Nayak Answered 5 years ago

Yes of course! Statistics play a determinant role in research process. Put simply, descriptive statistics is used to summarise and graph the data from larger group using charts and tables. 2 types of descriptive statistics are measure of central tendency and measure of variability. Whereas inferential statistics draws conclusion from the sample and are generally of two forms: estimation statistics and hypothesis testing. Visit https://keydifferences.com/difference-between-descriptive-and-inferential-statistics.html to know more about them in detail.


By Niranjan Singh Answered 5 years ago

During my research journey, I haven’t used descriptive and inferential statistics. All I know is about predictive analytics. It uses data found in ERP/CRM, to predict the future events. Predictive analytics technique includes description, correlation, segmentation, classification, regression and association.


By Sonam Choephel Answered 5 years ago

Hello, Descriptive statistics includes Central Tendency: Mean, Median & Mode Indicators of Spread of Data Outliers, Extremes, Non-Conforming Cases Range Most common types of inferential statistics used are 1.T-test or Anova 2.Pearson Correlation 3.Bi-variate Regression 4. Multi-variate Regression From personal experience, i would recommend you to get expert help in statistics and not take any chance. Any miscalculation or wrong selection of tests can ruin your entire results and research. Get these people to help you out: statisticsconsultation.com or statworkz.com or phdstatistics.com


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