Statistical Inference
Statistical inference uses sample data to draw conclusions about population parameters, test hypotheses, and quantify uncertainty.
Key concepts in statistical inference include:
- Parameter Estimation: Methods like maximum likelihood estimation and method of moments for determining population parameters from samples.
- Hypothesis Testing: Procedures for making decisions about population properties based on sample evidence.
- Confidence Intervals: Ranges that likely contain the true parameter value, with quantified confidence levels.
- P-values: Measures of evidence against a null hypothesis based on observed data.