STATISTICAL INFERENCE

(Statistics) The area of statistics that describes the procedures by which we use the observed data (the sample) to draw conclusions about the population from which the data came or about the process by which the data were generated. Our assumptions is that there is an unknown process that generates the data and that this process can be described by a probability distribution, i.e., a likelihood of occurring. Statistical inference can be classified as Classical Inference and Bayesian Inference.