Which of the Following Forecasting Methods Relies on the Experience

question 19

Multiple Choice

Which of the following forecasting methods relies on the experience and insights of people in the organization to predict a firm's future employment needs?

• A)trend analysis
• B)ROI analysis
• C)judgmental forecasting
• D)transition analysis

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Definitions:

Overtime Work

Work performed beyond the standard hours set for a workday or workweek, typically compensated at a higher pay rate.

Job Satisfaction

The level of contentment or happiness that individuals feel with their job, including aspects like work environment, duties, and compensation.

Labor Force

The total number of people employed plus the number actively seeking employment.

Female

Denoting the sex that can bear offspring or produce eggs, distinguished biologically by the production of gametes (ova) which can be fertilized by male gametes.