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Encyclopedia > Interpreting statistical data

The topics below are usually included in the area of interpreting statistical data. A more formal name for this topic is statistical inference.

  1. Statistical assumptions
  2. Likelihood principle
  3. Estimating parameters
  4. Testing statistical hypotheses
  5. Revising opinions in statistics
planning statistical research -- summarizing statistical data

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Statistical inference is inference about a population from a random sample drawn from it or, more generally, about a random process from its observed behavior during a finite period of time. It includes:

  1. point estimation
  2. interval estimation
  3. hypothesis testing (or statistical significance testing)
  4. prediction

There are several distinct schools of thought about the justification of statistical inference. All are based on some idea of what real world phenomena can be reasonably modeled as probability.

  1. frequency probability
  2. personal probability
  3. Bayesian probability
  4. eclectic probability

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  Results from FactBites:
 
Statistical Forecasting: Information & Resources on Statistics, Forecasting (948 words)
Statistical forecasting concentrates on using the past to predict the future by identifying trends, patterns and business drives within the data to develop a forecast.
Statistical data analysis provides hands on experience to promote the use of statistical thinking and techniques to apply in order to make educated decisions in the business world.
Statistical inference is refer to extending your knowledge obtain from a random sample from a population to the whole population.
statistical - definition of statistical in Encyclopedia (830 words)
Statistics is the science and practice of developing human knowledge through the use of empirical data.
It is based on statistical theory which is a branch of applied mathematics.
The word statistics comes from the modern Latin phrase statisticum collegium (lecture about state affairs), from which came the Italian word statista, which means "statesman" or "politician" (compare to status) and the German Statistik, originally designating the analysis of data about the state.
  More results at FactBites »


 

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