Statistical inference is important in order to analyze data properly. Indeed, proper data
analysis is necessary to interpret research results and to draw appropriate conclusions. It is majorly
used in the future prediction for various observations in different fields. It helps us to make
inference about the data. The statistical inference has a wide range of application in different fields,
such as: Business Analysis, Artificial Intelligence, Financial Analysis, Fraud Detection, Machine
Learning, Share Market, Pharmaceutical Sector.