Descriptive statistics

A brand of statistics which consists of methods for organising and summarising information. Descriptive statistics use the collected data and provides factual findings from it.

 

 

Inference

Making predictions and generalisations represented by data collections.

 

 

Inferential statistics

Inferential statistics consists of methods for drawing conclusions and measuring their reliability based on information gathered from statistical relationships between fields in a sample of a population. This can be used for forecasting future events.