The correct answer is: C. Inferential Analysis
Inferential analysis is a type of data analysis that uses statistical methods to make inferences about a population from a sample. It is used to answer questions such as “What is the probability that a customer will buy our product?” or “What is the average income of people in our city?”
Descriptive analysis is a type of data analysis that summarizes the data in a dataset. It is used to answer questions such as “How many customers did we have last month?” or “What are the most popular products in our store?”
Predictive analysis is a type of data analysis that uses statistical methods to predict future events. It is used to answer questions such as “How many customers will we have next month?” or “What is the likelihood that a customer will churn?”
Diagnostic analysis is a type of data analysis that identifies the root cause of a problem. It is used to answer questions such as “Why did our sales drop last month?” or “Why are our customers churning?”
Inferential analysis is the most complex type of data analysis, but it is also the most powerful. It can be used to answer a wide range of questions, and it can provide valuable insights into your business. If you are looking to make informed decisions about your business, inferential analysis is a valuable tool.