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Inferential statistics is concerned with making predictions or inferences about a population from observations and analyses of a sample. That is, we can take the results of an analysis using a sample and can generalize it to the larger population that the sample represents. In order to do this, however, it is imperative that the sample is representative of the group to which it is being generalized.
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Is standard deviation a inferential statistic?
yes
Is correlation coefficient an inferential statistic?
yes
What are the advantages and disadvantages of inferential statistics?
One advantage of inferential statistics is that large predictions can be made from small data sets. However, if the sample is not representative of the population then the predictions will be incorrect.
What is inferential data?
There is no inferential data. There is inferential statistics which from samples, you infer or draw a conclusion about the population. Hypothesis testing is an example of inferential statistics.
When should inferential statistics typically be used?
Inferential statistics uses data from a small group to make generalizations or inferences about a larger group of people. Inferential statistics should be used with "inferences".
