WMBA6401 2022 November Week 6 Assignment Latest

WMBA6401 Human Resource Analytics

Week 6 Assignment

Descriptive and Predictive Statistics

Descriptive, predictive, and prescriptive statistics allow us to “manage tomorrow, today” (Pease, Byerly & Fitz-enz, 2012). They can help us see what currently is and show us a path on how we can be more successful tomorrow.

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

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?