What is Statistics? | Types of Statistics | Descriptive & Inferential Statistics | Acadgild

What is Statistics? | Types of Statistics | Descriptive & Inferential Statistics | Acadgild
https://acadgild.com/big-data/data-science-training-certification?aff_id=6003&source=youtube&account=IngKIlvpg3s&campaign=youtube_channel&utm_source=youtube&utm_medium=types-of-statistics-sumit&utm_campaign=youtube_channel

Hello and Welcome to Data Science tutorial powered by Acadgild. In this statistics tutorial video, you will be able to learn,

• What is Statistics?
• Why Statistics?
• The Types of Statistics
• What is Descriptive Statistics?
• What is inferential Statistics?

Statistics Definition:
Statistics is the science of collecting, organizing, presenting, analyzing and interpreting data to help in making more effective decisions. Statistical Analysis is implemented to manipulate, summarize and investigate data so that useful decision-making information results are obtained.

The Two Types of Statistics:
Descriptive Statistics: It is a method of organizing, summarizing, and presenting data in an informative way.

Inferential Statistics: It is a method which is used in determining something about a population on the basis of a sample.

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