Examlex
Many people select environments in which they best function. This represents the concept of ______.
Quantitative Forecasting
The use of numerical data and statistical models to predict future outcomes based on historical data.
Regression Analysis
Presupposes that a linear relationship exists between one or more independent (causal, or predictor) variables, which are predicted to affect the dependent (criterion) variable-in our instance, future HR demand for personnel (i.e., the number of employees).
Trend Projection
A forecasting technique that extends past data points into the future to predict outcomes, often used in sales, finance, and inventory planning.
HR Forecasting
A method used in human resources to estimate future workforce needs to achieve the organization's objectives.
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