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Inferential statistics is when information is infered from a seperate set of statistics.[1] This can be immensly helpful in terms of business and psychological research where information can be used to predict trends in other fields without actually carrying out time consuming research.

References

  1. "Inferential Statistics". SocialResearchMethods. http://www.socialresearchmethods.net/kb/statinf.php. Retrieved 05.07.2015. 

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