Inferential Statistics
Inferential Statistics is the ability to analyze, interpret and draw conclusions from data, using statistical methodologies. This capability enables understanding patterns, correlations, and making predictions by extrapolating from observed data, providing informed insights that underpin strategic decision-making and risk management in an organization.
Level 1: Emerging
At an emerging level, you are beginning to understand the basic concepts of inferential statistics, with the ability to perform simple data analysis and draw initial conclusions from data sets.
Level 2: Proficient
At a proficient level you can confidently apply inferential statistics to draw conclusions and make predictions based on data, demonstrating a solid understanding of statistical concepts and techniques.
Level 3: Advanced
At an advanced level you are proficient in applying advanced inferential statistical techniques with precision and dexterity, interpreting complex data sets with depth and accuracy.
