A Method of Forecasting Internal Labour Supply That Involves Tracking

question 27

Multiple Choice

A method of forecasting internal labour supply that involves tracking the pattern of employee movements through various jobs and developing a transitional probability matrix is known as

• A) trend analysis.
• B) ratio analysis.
• C) multiple regression analysis.
• D) Markov analysis.
• E) computerized forecasting.

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Definitions:

Psychographic Segmentation

A marketing technique that divides consumers into sub-groups based on shared psychological characteristics, values, desires, or lifestyles.

Metropolitan Statistical Areas

Geographic regions defined by high population density at their core and close economic ties throughout the area, often used for statistical purposes.

Psychographic Segmentation

The division of a market into segments based on consumer psychology, including their lifestyles, values, attitudes, and personality traits.

Consumers' Opinions

Refers to the beliefs, perceptions, or attitudes that individuals hold regarding products, services, or brands based on their personal experiences.