Importance of Statistical Inference

Inferential Statistics is important to examine the data properly. To make an accurate conclusion, proper data analysis is important to interpret the research results. It is majorly used in the future prediction for various observations in different fields. It helps us to make inference about the data. The statistical inference has a wide range of application in different fields, such as:

  • Business Analysis
  • Artificial Intelligence
  • Financial Analysis
  • Fraud Detection
  • Machine Learning
  • Share Market
  • Pharmaceutical Sector

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