Which of the Following Is a Qualitative Approach to Forecasting

question 26

Multiple Choice

Which of the following is a qualitative approach to forecasting human resources needs?

• A) Regression analysis
• B) The nominal group technique
• C) A scatter plot
• D) Trend analysis
• E) Ratio analysis

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Definitions:

Geometric Average Return

A measure of the average rate of return on an investment compounding over time, calculated using the geometric mean.

Inversion Valve

is a type of valve used in air brake systems of heavy vehicles, which inverts the supply of air pressure to different parts of the system, aiding in the management and control of braking force.

Emergency Braking

The act of applying the brakes quickly and forcefully to stop a vehicle in the shortest possible distance in response to an emergency.

Significant Loss

A considerable reduction in value, functionality, or quantity of something, often financially quantified.