Statistical Method

Statistical Method is a mathematical technique used to analyze and interpret data. It involves collecting, organizing, analyzing, and interpreting data to make decisions or draw conclusions. Statistical methods are used in various fields such as business, healthcare, social sciences, and engineering. In data science, statistical methods are used to identify patterns, relationships, and trends in data. These methods include descriptive statistics, inferential statistics, hypothesis testing, regression analysis, and time series analysis. Descriptive statistics are used to summarize and describe the main features of a dataset, while inferential statistics are used to make predictions or draw conclusions about a population based on a sample. Hypothesis testing is used to test the significance of a relationship or difference between two or more variables. Regression analysis is used to model the relationship between a dependent variable and one or more independent variables. Time series analysis is used to analyze data that changes over time.