Inferential Statistics is a branch of statistics that allows us to make conclusions about a population based on a sample of data. By using various techniques, such as confidence intervals and hypothesis testing, researchers can estimate population parameters and test assumptions, providing insights that extend beyond the immediate data set.
This field is crucial in many areas, including social sciences, healthcare, and market research, where it is often impractical or impossible to collect data from an entire population. Inferential Statistics helps in making informed decisions and predictions, enhancing our understanding of complex phenomena.