Elucidating the power of Inferential Statistics to make smarter decisions!

Elucidating the Power of Inferential Statistics To Make Smarter Decisions!

The lost importance of inferential statistics…

The strategic role of data science teams in the industry is fundamentally to help businesses to make smarter decisions. This includes decisions on minuscule scales (such as optimizing marketing spending) as well as singular, monumental decisions made by businesses (such as how to position a new entrant within a competitive market). In both regimes, the potential impact of data science is only realized when …

decisions inferential-statistics power regression-analysis statistics