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Human Resources Selection (Scenario)
Dani, the manager of selection in the human resources department, had been asked by Bashir, his boss, and the vice president of human resources, to review the selection methods their firm had been using and to recommend methods for future use. It seems that recent hires have not been working out, and this caused friction between the human resources group and the front-line managers, who had to utilize the talent sent to them. Additionally, there was also a need to hire executives in the company, and due to the responsibility these positions carry, the company wanted to ensure they selected the best possible people. Dani reviewed written tests as a selection method.
-Since the technique provides little valid information, Dani has decided to spend less energy on ________.
Demand Forecasts
The process of estimating the future demand for a company's products or services based on historical sales data, market trends, and other factors.
Alpha
A coefficient in finance representing the performance of an investment relative to a suitable market index.
Exponential Smoothing
A weighted moving average method that is used in time series forecasting to smooth out data and predict future points.
Three-Month Moving Average
An average calculation that updates by incorporating the most recent three months' data and dropping the oldest month in each new calculation.
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