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Inferential analysis differs from descriptive analysis because it allows analysts to test a hypothesis and assess whether the data from the sample can be generalized to the general population. The two subcategories of statistical analysis are descriptive analysis and inferential analysis.ĭescriptive analysis analyzes and summarizes the characteristics of a data set to determine what is happening. It is done via the collection, analysis, interpretation, presentation, and modeling of past data. Statistical analysis analyzes a set of data or a sample of data and interprets past data. While many types of data analysis can be used, the following are five of the most well-known methods: Statistical analysis The most prominent types of data analysis include text analysis (data mining), statistical analysis, diagnostic analysis, predictive analysis, and prescriptive analysis.It is often used in different domains, such as business, science, and the humanities.

Data analysis refers to the process of inspecting, cleansing, transforming, and modeling data to extract useful information for decision-making.

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