Introduction to Inferential Statistics

00:00 Now that we have covered the basics of descriptive statistics, it is time to move on to inferential statistics.

00:07 Inferential statistics refers to methods that rely on probability theory and distributions, in particular to predict population values based on sample data.

00:16 While this definition may not be completely clear just yet.

00:20 Starting from the next lesson, we will define what a distribution is, and we'll go through a couple of the distributions you will likely use at work.

00:28 This will naturally lead us to the point estimates, and we will conclude the section with confidence intervals.

00:33 We will not only present these topics, but we'll also develop a deep understanding of the statistical processes.

00:40 This will help you a great deal if you decide to get into data science.

00:44 I recommend that you complete all the exercises provided, as they will reveal additional subjects you will be in charge of researching.

00:52 These insights will likely be your gateway to the fundamentals of quantitative research and data driven decision-making.

00:58 Good luck with the lessons and have fun.