ABSTRACT
After taking a general look at the data, we are ready for more advanced and more informative statistical analysis.
In this chapter, we learn how
– to estimate parameters of the distribution. Methods of Chapter 8 mostly concern measure of location (mean, median, quantiles) and variability (variance, standard deviation, interquartile range). As we know, this does not cover all possible parameters, and thus, we still lack a general methodology of estimation.
