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It really is used as one of the most prior technique to collect statistical information from across numerous knowledge sets. It helps in describing and analysing some random mathematical phenomenon.

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Markov Assessment: In keeping with Markov Assessment, the conduct in the variables is set based upon The present predicament to be able to determine the longer term conduct of the same variable. It's not an optimization approach but relatively is considered as a descriptive strategy.

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Descriptive Statistics Descriptive statistics are brief descriptive coefficients, it's used to summarize the presented or gathered data established, This details is usually represented in numerical or geographical form.

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