Using past relationships to forecast how many employees will be needed for different levels of business activity is called __________.
A) trend analysis
B) ratio analysis
C) judgmental forecasting
D) interest rate forecasting

Question

Quizplus · Accepted Answer

Ratio analysis involves using historical data to determine the relationship between business activity levels and the number of employees needed, allowing for forecasting future staffing needs based on expected business activity.

Using Past Relationships to Forecast How Many Employees Will Be