Final answer:
Analytical databases consist of data storage and data analysis tools, facilitating complex queries, reporting, and advanced data processing. They employ descriptive and inferential statistics for analyzing and interpreting data, aiding in research and analytical reporting.
Step-by-step explanation:
Analytical databases are composed of two main components, which are data storage and data analysis tools. Data storage usually includes relational or non-relational database management systems to house structured, semi-structured, or unstructured data. Data analysis tools, which are often part of these databases, include software applications that support complex queries, reporting, data mining, and sophisticated data analytics. These allow users to perform a broad range of analyses, from basic aggregate functions to complex data processing.
Analyzing and interpreting data require the use of descriptive and inferential statistics to make sense of raw data and infer conclusions. These activities are critical in research and in developing evidence to support or refute a hypothesis. An analytical report combines information based on facts and in-depth analysis to present findings and discuss potential implications.