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

---

Definitions:

Contribution Margin

A financial metric that represents the difference between the sales revenue of a product and the variable costs associated with producing that product.

Break-Even Point

The financial position at which total revenues equal total costs and expenses, with no net profit or loss, often used to analyze the viability of a business or project.

Variable Cost

Costs that change in proportion to the level of goods or services that a business produces, as opposed to fixed costs which remain constant regardless of production volume.

Contribution Rate

The percentage or amount that is contributed to a retirement or investment plan, usually on a regular basis, by an employer, employee, or both.