Regression Analysis
It is a collection of statistical techniques to understand the relationship among several independent variables and one or more dependent random variables.
Inferential Analysis
It is collection of mathematical techniques to make prediction about unseen large data sets on the basis of a study of available small samples of that data.
Regression analysis is a specific way of performing inferential analysis.
of, pertaining to, or determined by regression analysis: regression curve; regression equation. dictionary.com
Inferential analysis is a statistical technique used to draw conclusions about a population based on a sample of data. It involves using probability theory to make inferences, test hypotheses, and estimate population parameters. This approach allows researchers to generalize findings from the sample to the larger population, while also assessing the reliability and significance of those conclusions. Common methods include t-tests, chi-square tests, and regression analysis.
how can regression model approach be useful in lean construction concept in the mass production of houses
A t-test is a inferential statistic. Other inferential statistics are confidence interval, margin of error, and ANOVA. An inferential statistic infers something about a population. A descriptive statistic describes a population. Descriptive statistics include percentages, means, variance, and regression.
Inferential concepts are ideas that help in drawing conclusions from data or observations. Examples include hypothesis testing, where researchers determine if there is enough evidence to support a specific claim; confidence intervals, which estimate the range within which a population parameter lies; and regression analysis, used to understand relationships between variables. These concepts allow for generalizations beyond the immediate data set and aid in making predictions or decisions based on statistical analysis.
In general in Descriptive Statistics we use tools like central tendency, dispersion, skew, kurtosis to summarize a given set of data. But inferential statistics is much boarder than it. In inferential l statistics we use tools like chi square test, ANOVA, ACOVA, Correlation, Regression, Factor Analysis etc to predict the behavior based on the sample data.
Before undertaking regression analysis, one must decide on which variables will be analysed. Regression analysis is predicting a variable from a number of other variables.
of, pertaining to, or determined by regression analysis: regression curve; regression equation. dictionary.com
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how can regression model approach be useful in lean construction concept in the mass production of houses
Inferential statistics is the practice of sampling large sets of data (usually at random) to gain information about the population as a whole. Sampling is used because measuring everything in the population can consume too many resources (time, money, etc.) I suggest looking at these topics for an intro into inferential statistics: 1) Sampling (random, stratified, etc) 2) Mean, variance/standard deviation, median, and mode 3) Data distributions 4) Confidence intervals 5) T-tests 6) Analysis of variance 7) Trend analysis (regression) 8) Association analysis ... and many more!
A t-test is a inferential statistic. Other inferential statistics are confidence interval, margin of error, and ANOVA. An inferential statistic infers something about a population. A descriptive statistic describes a population. Descriptive statistics include percentages, means, variance, and regression.
Galtan
Regression analysis is a statistical technique to measure the degree of linear agreement in variations between two or more variables.
Inferential concepts are ideas that help in drawing conclusions from data or observations. Examples include hypothesis testing, where researchers determine if there is enough evidence to support a specific claim; confidence intervals, which estimate the range within which a population parameter lies; and regression analysis, used to understand relationships between variables. These concepts allow for generalizations beyond the immediate data set and aid in making predictions or decisions based on statistical analysis.
The area of statistics you're referring to is called inferential statistics. It involves techniques that allow researchers to make predictions or draw conclusions about a population based on a sample of data. By using methods such as hypothesis testing, confidence intervals, and regression analysis, inferential statistics helps quantify uncertainty and supports decision-making processes in various fields.
Peihua Qiu has written: 'Image processing and jump regression analysis' -- subject(s): Regression analysis, Image processing