Question

A student in a university wants to estimate the percentage of undergraduate students who will apply for graduate school.

What statistical method should be used?

Answer 1

It can be started with taking samples, those samples can be any number of schools. Take a number of students from any school, better if it is random.

And then, we can calculate the mean number of students going to graduate school. The sample should be the right representative of the whole population.

If there are any outliers, we can also go with the median.

Predictive analytics statistical techniques include data modeling, machine learning, AI, deep learning algorithms, and data mining.

Here, we can apply Machine learning algorithms as well, if we have data for the previous years, then we can apply some appropriate algorithm to predict the future numbers.

Most of the time, it will be linear regression.