What's a descriptive statistics

  • Types of descriptive statistics

    Examples of descriptive analytics include KPIs such as year-on-year percentage sales growth, revenue per customer and the average time customers take to pay bills.
    The products of descriptive analytics appear in financial statements, other reports, dashboards and presentations..

  • What is descriptive statistics and inferential statistics?

    Essentially, descriptive statistics state facts and proven outcomes from a population, whereas inferential statistics analyze samplings to make predictions about larger populations..

What does statistics mean?

Statistics is the science of collecting data and analyzing them to infer proportions (sample) that are representative of the population

In other words, statistics is interpreting data in order to make predictions for the population

There are two branches of statistics

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