Advantages of Quantitative Forecasting Methods Include

question 44

Multiple Choice

Advantages of quantitative forecasting methods include:

• A) Objectivity
• B) Responsiveness
• C) Includes 'inside' information
• D) Expensive
• E) b and c

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Definitions:

Behaviorally Anchored Rating Scale (BARS)

Method of performance measurement that rates behavior in terms of a scale showing specific statements of behavior that describe different levels of performance.

Feedback

Information employers give employees about their skills and knowledge and where these assets fit into the organization's plans.

Behaviorally Anchored Rating Scales (BARS)

An appraisal system that evaluates employees' performance based on specific behavioral examples related to job performance.

Bias

A tendency, inclination, or prejudice towards or against something or someone, often in a way considered to be unfair.