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## Inferential Statistics Course

Introductory Course on Inferential Statistics In this one hour free course we cover the main topics you will need to know in any inferential statistics – college level coursework. Enjoy. Subscribe to our newsletterGet important specialized information to help your...

## What Is the Maximum Likelihood Estimation

Maximum Likelihood Estimation This technique allows us to find the regression line equation, but instead of using the distance of the data point to the line like we do with the Ordinary Least Squares Method, here we use the normal distribution curve of all the points...

## What Is The Method Of Moments

Method of Moments The Method of Moments is an inferential technique for estimating Population Parameters. These can be: the mean, variance, skewness, kurtosis and more. We call Moments to the Expected Values of a Random Variable.  We generate each moment by: ....

## Statistical Techniques

The following are collectively known as statistical methods or statistical techniques. They are used in various fields of research and industry to analyze and make inferences from data. They can also be grouped based on the specific field of study, for example, in...

## What Is Stochasticity?

In Statistics, the formal name for the concept of randomness or uncertainty is called “stochasticity”. A stochastic process is a type of mathematical model that describes a process that evolves over time and is governed by randomness or uncertainty. The...