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QUESTION
Discuss the differences among the three major components of statistical methodology (descriptive statistics, statistical inference, and predictive...
Discuss the differences among the three major components of statistical methodology (descriptive statistics, statistical inference, and predictive statistics). Why might these distinctions be important to a manager?
Descriptive statistics intend to describe a big hunk of data via charts and tables, while statisticalinference refers to the process of deducing properties of an underlying distribution any...