Inference

Bayes’ Theorem: A Cornerstone of Statistical Inference

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bayes theorem

Bayes’ Theorem, often lauded as a fundamental pillar of statistical inference, offers a powerful framework for updating our beliefs about an event in light of new evidence. While it might seem intimidating at first glance, grasping the core concepts of Bayes’ Theorem unlocks a deeper understanding of how probability works and its applications extend far … Read more

Statistical Inference Definiton, Types and Estimation Procedures in statistics

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Inference comes from a word ‘infer’ which means that to draw a conclusion about a phenomenon on the basis of some information at hand. To make inference about a phenomenon through some statistical procedure is called statistical inference. According to wikipedia,  “Inferences are steps in reasoning, moving from premises to logical consequences”. Types of statistical inference Statistical inference may be … Read more

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