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inferential statistics

a broad class of statistical techniques that allow inferences about characteristics of a population to be drawn from a sample of data from that population while controlling (at least partially) the extent to which errors of inference may be made. These techniques include approaches for testing hypotheses, estimating the value of parameters, and selecting among a set of competing models. Also called inductive statistics. Compare descriptive statistics.

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Psychology term of the day

December 19th 2024

banding

banding

n. an approach to setting cutoff scores in personnel selection. Several ranges of scores known as score bands are identified, usually on the basis of the standard error of measurement for the test or predictor variable. Rather than being considered individually, all candidates who score within the same band are considered equally qualified. Consequently, hiring decisions are made from within band ranges, in contrast to traditional approaches that choose the highest scorer first, the next highest scorer second, and so forth.