_____ Is a Mathematical HR Forecasting Method That Involves Making

question 58

Multiple Choice

_____ is a mathematical HR forecasting method that involves making a comparison of past relationships among various factors.

• A) Statistical regression analysis
• B) Productivity ratio
• C) Staffing ratio
• D) Delphi technique

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Definitions:

Marginal Revenue

The increase in revenue resulting from the sale of one additional unit of a product or service.

Profit-Maximizing

The strategy used by a business to find the optimal price and quantity of production for maximum profit.

Demand Schedule

A table that shows the quantity of goods or services that consumers are willing and able to purchase at various prices.

Nonprice Competition

A strategy used by businesses to attract customers through methods other than price, like quality, service, and brand reputation.