Given the effects of the Fukushima nuclear disaster caused by the Tōhoku earthquake and tsunami on the external environment, what type of forecasting would HR professionals utilize to incorporate catastrophic circumstances and their consequences?
A) transaction-based forecasting
B) process-based forecasting
C) event-based forecasting
D) critical-based forecasting

Question

Quizplus · Accepted Answer

Event-based forecasting would be the best choice as it focuses on predicting the impact of specific events on the organization's external environment. The Fukushima nuclear disaster was an unexpected catastrophic event that affected the environment, the economy, and people's livelihoods. HR professionals need to anticipate and prepare for such events to minimize their impact on the organization, employees, and stakeholders. Process-based forecasting is more appropriate for predicting changes in operational procedures, while transaction-based forecasting is used for predicting demand and supply levels for goods and services. Critical-based forecasting is not a recognized forecasting technique.

Given the Effects of the Fukushima Nuclear Disaster Caused by the Tōhoku