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Overtime
the Quarterly Overtime Hours (In 1000s)recorded in a Large

question 53

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Overtime
The quarterly overtime hours (in 1000s)recorded in a large steel mill are shown below.  Year  Quarter  Overtime Hours 1995132215321428199613521632742919971362213254371998141229331440\begin{array} { | c | c | c | } \hline \text { Year } & \text { Quarter } & \text { Overtime Hours } \\\hline 1995 & 1 & 32 \\& 2 & 15 \\& 3 & 21 \\& 4 & 28 \\1996 & 1 & 35 \\& 2 & 16 \\& 3 & 27 \\& 4 & 29 \\1997 & 1 & 36 \\& 2 & 21 \\& 3 & 25 \\& 4 & 37 \\1998 & 1 & 41 \\& 2 & 29 \\& 3 & 31 \\& 4 & 40 \\\hline\end{array} Using the regression technique,the linear trend line
y^\hat{y} = 21.675 + .854t was computed.
-Calculate the seasonal indexes based on the regression trend line.

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Definitions:

Norm-Referenced Appraisals

Employee evaluation method comparing an individual's performance against that of their peers, rather than on a set of absolute criteria.

Straight-Ranking

A method of performance evaluation where employees are compared to each other and ranked in a simple list format.

Forced Distribution

A performance management system where employee evaluations are distributed along a bell curve, forcing rankings among an employee population.

Performance Feedback

The process where an individual's work performance is assessed and communicated back to them, usually by a supervisor or peer, to improve and develop their professional capabilities.

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