Descriptive and Predictive Statistics

Review the Learning Resources for this week and other resources you have found in the Library or online, then respond to the following bullet points in a 2- to 3-page:

What is the goal of a descriptive statistic?

Provide an example of a descriptive statistic HR may use (besides turnover).

Identify another variable that can be employed to provide more insight (Pease, Byerly and Fitz-enz refer to this as stats on steroids).

Imagine you could look into the future to see if trends continue. What impact could an understanding of this data have for the organization?

Pease, G., Byerly, B. & Fitz-enz, J. (2012). Human capital analytics: How to handle the potential of your organizations greatest asset. Hoboken, NJ: John Wiley & Sons.

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