Inferential Statistics
Make predictions or generalizations about a population based on a sample of data.
In the context of Indian Politics, this could be useful for Election Forecasts, Policy Impact Analysis & Voter Behavior Analysis.
1. Election Forecasts
| Party | Predicted 2024 Vote Share (%) | Confidence Interval (%) |
|---|---|---|
Party A | 37 | 35-39 |
Party B | 33 | 31-35 |
Party C | 19 | 17-21 |
2. Policy Impact Analysis
| Policy | Before Policy Approval (%) | After Policy Approval (%) | Estimated Impact |
|---|---|---|---|
New GST Rates | 30% approval | 50% approval | +20% |
Agricultural Loan Waiver | 40% approval | 65% approval | +25% |
Healthcare Subsidy Increase | 50% approval | 75% approval | +25% |
3. Voter Behavior Analysis
| Factor | Regression Coefficient | P-value |
|---|---|---|
Economic Growth | 0.5 | 0.001 |
Corruption Scandal | -0.4 | 0.005 |
Public Transportation Development | 0.3 | 0.3 |
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