What is another word for parametric statistic?
Pronunciation: [pˌaɹəmˈɛtɹɪk stɐtˈɪstɪk] (IPA) 
Parametric statistic is a statistical approach used in various fields to analyze a set of data by considering the distribution's parameters. The word parametric implies that these statistics assume a particular type of probability distribution that can be controlled by certain parameters. There are various synonyms for parametric statistics, including inferential statistics, classical statistics, exact statistics, and estimation theory. These methods are used to estimate population parameters while making assumptions about the underlying distribution. It is important to note that parametric statistics are not always applicable, and non-parametric methods such as bootstrapping or permutation tests may be necessary. In general, parametric statistics remain an essential tool for statistical analysis in research and are commonly used in fields such as physics, engineering, finance, and psychology.
