06 Traditional Statistics

Traditional Statistics rely on the data we store in smaller scale, fixed structure formats which are only able to provide a small insight into a given problem.

Descriptive statistics refers to data analytics in a way that we may identify patterns from the data, but said patterns can only be said to apply to the data set provided, and can not necessarily be used to make broader conclusions on a subject.

Inferential statistics however are employed by feeding in a sample of a much larger data set, and using the conclusions drawn from this to infer patterns we may apply to the broader data set.

For more information about Descriptive and Inferential statistics, read here:
https://statistics.laerd.com/statistical-guides/descriptive-inferential-statistics.php

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