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5 Cards in this Set
- Front
- Back
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Descriptive Analysis
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look at the past, describe - in proper shorthand or model - based on known behavior or data distributions (i.e. - skewness, kurtosis (peakedness of the distr), mean, median, and the mode. [describe the set of data]
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Inferential Analysis
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Take a sample of data or a model and look at the past, describe a sample, use a sample to describe a population. - "what inferences can I make from a sample of the world to describe the entire world (population). [draw conclusions about the sets of data based on sampling]
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Type of Data - Quantitative
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Numbers
Amounts Quantities |
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Type of Data - Parametric
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statistics
mean standard deviation variances |
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Type of Data - Non parametric
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order
median mode |
