From the course: The Data Science of Using People Analytics
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Solution: Labor demand forecast
From the course: The Data Science of Using People Analytics
Solution: Labor demand forecast
(upbeat music) - Congratulations. You just finished your last challenge. How did you help them? Many people may approach this as a simple math exercise. You still want to understand the context. Forecasting the number of people needed in an organization is never just a simple math problem. To understand the broader organizational context, you can also ask questions like, "Are there automation efforts and technology changes that may impact our employees' productivity?" Next, form testable hypotheses. There are often systematic or technological changes that impact productivity. You could test the hypothesis of how productivity will change with what you have heard in the previous step. You have learned about the automation efforts are expected to improve productivity by 5% upon implementation early next year. To keep it simple, it's not going to continue to improve year over year. The next step is to collect and analyze…
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