Planners Need to Combine Statistical Forecasts of Labor Supply with Expert

question 87

Multiple Choice

Planners need to combine statistical forecasts of labor supply with expert judgments because:

• A) it would motivate the experts in the organization.
• B) subjective judgments are always more reliable than historical data.
• C) historical data may not always reliably indicate future trends.
• D) statistical methods fail to account for historical trends.
• E) statistical forecasts work well only in a dynamic environment.

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Definitions:

Southern Opposition

Resistance or dissent specific to the southern region of the United States, often in the context of historical events like the Civil War, civil rights movement, or political ideologies.

Secession

The act of withdrawing formally from membership in a federation or body, especially a political state; famously exemplified by the Southern states' secession from the United States, which precipitated the American Civil War.

Equal Opportunity

The principle of treating all people the same, without discrimination or bias, especially in employment and education.

Bureau Of Reclamation

A federal agency under the U.S. Department of the Interior, which oversees water resource management, specifically the oversight and operation of dams, canals, and water projects in the Western U.S.