Mean or average mean is one of the most popular methods of statistical analysis.
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Predictive statistical analysis is a type of statistical analysis that analyzes data to derive past trends and predict future events on the basis of them. It studies the relationship between different variables or makes predictions for the whole population. The inferential statistical analysis focuses on drawing meaningful conclusions on the basis of the data analyzed. Rather than drawing conclusions, it simply makes the complex data easy to read and understand.
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Given below are the 6 types of statistical analysis:ĭescriptive statistical analysis involves collecting, interpreting, analyzing, and summarizing data to present them in the form of charts, graphs, and tables.