Descriptive Statistics Focuses on Summarizing Data While Inferential Statistics Deals

question 13

True/False

Descriptive statistics focuses on summarizing data while inferential statistics deals with the selection and use of sample data to produce information about the larger population from which the sample was selected.

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Definitions:

External Factor

Any event, entity, or condition outside an organization that influences its activities and outcomes.

HR Forecasting

The process of estimating the future human resource needs of an organization by analyzing current conditions and projecting changes in the workforce or employment market.

Competitor's HR Policies

The rules and regulations related to human resources management adopted by competing businesses in the industry.

Long-term HR Priorities

Strategic objectives and focus areas related to human resources that aim to support the long-term goals and sustainability of an organization.