Descriptive vs Inferential Statistics. What’s the difference?

3 min read

Descriptive and Inferential Statistics are the two major branches of statistical analysis. By definition, descriptive statistics are used to summarize a sample or information about the sample. Inferential statistics, on the other hand, are used to make inferences or generalizations about the broader population. In this post, we will use a real-life(ish) example to illustrate the difference between the two.  Related: Top 10 Machine Learning and Data Science Courses Picture this. You own a restaurant and want to know how your business is being perceived by people. So, you give one of your staff, Amy, the responsibility of carrying out…...

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Bingran Lu With an academic and professional background in the field of Finance and IT, Bingran has a deep appreciation for data-driven decision making. He is a fan of all things data related. Currently building his dream tool to help everyday people make smart investment decisions.