For example, you can use inferential statistics to predict the outcome of an election, the effect of a new drug, or the behavior of a market, based on a sample of voters, ...

Descriptive statistics are used to summarize and display the basic features of a data set, such as its size, distribution, central tendency, variability, and shape. Descriptive statistics can be ...

Next comes the modeling stage. Inferential statistics provides the elements needed to specify the probabilistic model that generated the data as accurately as possible, based on the observed sample: ...