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Major Branches of Statistics
All Statistical techniques can be majorly categorized as: Descriptive statistics and Inferential statistics.
Descriptive statistics is the basis for inferential statistics. It describes the characteristics of the dataset. The primary feature of descriptive statistics is to focus on the central tendency, variability, and distribution of sample data.
- Descriptive statistics refers to the data depicted on the chart.
- Deals with the data, its presentation, and its collection.
- Describes the data characteristics as mode, mean, and median.
- Includes metrics (range, variance, and standard deviation).
- Describe the probability distribution function.
- Distinguishes between the observed characteristics of the elements of a dataset.
This branch of statistics helps students understand the collective properties of the elements of a data sample and create the foundation for testing hypotheses.
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