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 organization’s greatest asset. Hoboken, NJ: John Wiley & Sons.