Management wants to review the sales performance over time. This is simply the mathematical average, which is the sum of the observations or numbers divided by the number of observations. One of the essential concepts in statistics is the mean. These quick statistics are developed in order to understand the midpoint of the data and take best guesses about what we may observe in, or outside of, our data. Statistical Inference and Hypothesis Testingĥ. The guide is split into five sections, aiming for five major underpinnings of analysis that we see in these pay equity studies.ģ. While this guide should be helpful in relation to pay equity, the concepts are more universal in nature, and we rely on examples in and out of the pay space. Here, you’ll find what each term means and see some practical examples using pay equity studies as a guide. Scratchansniff said in your Stats 101 class? With statistical analyses becoming more prevalent in our daily HR lives, we’ve put together a hit list of some of the most common terms in basic statistics and regression analysis. Tax Reporting for Stock-Based CompensationĪre you embarking on a pay equity study, but don’t remember what Dr.Compensation Solutions for a Down Market.Participant Communication & TSR Tracking.Private Company Long-Term Incentive Design.Proxy Visualization & Quantitative Disclosure.Employee Stock Purchase Plan (ESPP) Design.
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