March 2019
Beginner
464 pages
12h 39m
English
Content preview from People Analytics For Dummies
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Chapter 15
Making Better Predictions
IN THIS CHAPTER
Learning the art and science of being right more than you are wrong
Predicting with time series data
Improving predictions with a little multiple regression and the chutzpah needed to ask questions
Predictive people analytics uses people data from the past coupled with statistics to predict what will happen in the future. You reveal patterns to identify future risks and opportunities. The forward-looking orientation of prediction, coupled with analysis of what really matters (Chapter 15) and with action-oriented experiments (Chapter 16) gives you a great jab, left hook, and uppercut combination. With this combination, you can not only win more fights, you also have the power to change the future of your company.
You make predictions all the time — you just do it with a limited number of observations and without checking your work with math.
Here are some examples of the kinds of predictions you have made (or are currently making) without the support of data:
- Whether this orange laundry detergent or that blue laundry detergent ...
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