Accuracy in Forecasting the Demand for Labor Varies Considerably by Firm

question 28

Multiple Choice

Accuracy in forecasting the demand for labor varies considerably by firm and by industry type,roughly from a _____ percent error factor.

• A) 1 to 3
• B) 2 to 10
• C) 5 to 35
• D) 10 to 40

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Definitions:

Near

Located at a short distance in space or time.

Circum-

A prefix indicating 'around' or 'about', used in medical and general terminology.

Peri-

A prefix meaning around, nearby, or encircling, often used in medical terms to describe location or proximity.

Down

a direction towards a lower position or a lower point on a scale.