Examlex
Which of the following statements is true?
Forecasting
The process of making predictions about future events or trends based on past and present data analysis.
HR Forecasting
The process of estimating the future human resource needs of an organization, based on its business goals, projected retirements, turnovers, and market changes.
External Environment
The external environment consists of all the outside factors or influences that affect an organization's decision-making process, performance, and strategy formulation, including political, economic, social, and technological factors.
Delphi Technique
A method used to gather information and reach a consensus among a panel of experts through a series of questionnaires and feedback rounds.
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