Univariate Statistical Methods, Frequency Analysis and Simulation

Abstract

We may recall that from the statistical point of view, the totality of possible experimental outcomes may be called ‘population’ of the outcomes, while a set of data obtained by performing the experiment a number of times is called ‘sample’ from the population. Since it is time consuming, uneconomical and may not be practical to analyse the whole population, statistical inference consists in drawing conclusions on the basis of its samples drawn. The type of information extracted from a set of data depends upon its input and the model selected.