Replacement Status Is Made Up of Two Variables

question 48

Multiple Choice

Replacement status is made up of two variables

• A)current job level and seniority
• B)present performance and promotability
• C)seniority and promotability
• D)current job level and present performance
• E)skills and training requirements

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Definitions:

Demand Forecast

The method of predicting the amount of a product or service that customers will buy in the future.

Correlated

When two or more variables are related in some way, meaning that a change in one variable is associated with a change in another.

Aggregate Forecasts

Predictions of future demand, sales, or other metrics for entire markets or sectors, typically used for strategic planning.

Disaggregate Forecasts

Disaggregate forecasts involve breaking down aggregate predictions into more detailed, specific forecasts, such as by product, region, or customer segment, to improve planning and decision-making.