Deciphering the dilemma of parametric and nonparametric tests
Richa Singhal, RakeshKumar Rana, Pamila Dua
Abstract
Richa Singhal, RakeshKumar Rana, Pamila Dua
Abstract
The potential source of complexity while analyzing the data is to choose on whether the data collected could be analyzed properly by the application of parametric tests or nonparametric tests. This concern cannot be underrated as there are certain assumptions which should be fulfilled before analyzing the data by applying either of the two types of tests. This article describes in detail the difference between parametric and nonparametric tests, when to apply which and the advantages of using one over the other.
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The potential source of complexity while analyzing the data is to choose on whether the data collected could be analyzed properly by the application of parametric tests or nonparametric tests. This concern cannot be underrated as there are certain assumptions which should be fulfilled before analyzing the data by applying either of the two types of tests. This article describes in detail the difference between parametric and nonparametric tests, when to apply which and the advantages of using one over the other.
Key concepts: Nonparametric statistics, Parametric statistics, Dilemma, Econometrics, Parametric model, Computer science, Mathematics, Statistics