If HR Specialists Use Multiple Predictor Estimates of the Future

question 36

Multiple Choice

If HR specialists use multiple predictor estimates of the future demand for personnel based on a variety of differing assumptions about how future events will unfold,what type of forecasting technique or analysis are they using?

• A)Delphi technique
• B)nominal technique
• C)impact analysis
• D)scenario forecast

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Definitions:

Constraints

Limitations or restrictions that affect decision-making or the ability to pursue certain actions.

Economic Beings

Individuals or entities that make decisions based on the maximization of utility or profit, considering factors like scarcity, resources, and preferences.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.

Self-Interest

The consideration of one's own advantage or well-being above the welfare of others or the community.