Which of the Following Statements Accurately Characterizes HR Forecasting Methods

question 130

Multiple Choice

Which of the following statements accurately characterizes HR forecasting methods?

• A)Subjective judgment has no place in modern HR forecasting.
• B)Forecasting is a combination of quantitative and qualitative methods.
• C)Research has shown that mathematical models are inadequate for HR forecasting.
• D)Complex computer simulations are the best quantitative forecasting models available.

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Definitions:

Passive Approach

A strategy, particularly in investing or management, where minimal intervention or action is taken, often to maintain the current state or to avoid risk.

Recessionary Gap

The difference between the actual output of an economy and its potential output at full employment, indicating underutilization of resources.

Inflationary Expectations

The anticipation of future inflation rates, influencing economic decisions and behavior.

Discretionary Policy

Economic policies based on ad hoc decisions by the government or monetary authorities to influence the economy, such as changes in spending or taxation.