Topic > The impact of descriptive and inferential statistics

One way these companies try to do this is by collecting quantitative data and various sampling methods as a way to find intuitive ways to solve problems they have or to which are better. There are several ways to collect meaningful data, using both descriptive and inferential statistical methods. For example, in a business context descriptive statistics may show an increasing trend in profits, however if we look at inferential statistics from customer satisfaction surveys we may see a decline. This would lead you to say that profits will decline unless a solution is found