Lars is reviewing the past 10 years of Acme Global's production levels and comparing those to how many workers were in the organization.He plans to use the information to create a chart of how many workers are needed for different production levels.The process in which Lars is engaged is ________.

Question

Quizplus · Accepted Answer

Lars is reviewing past production levels and comparing them to the number of workers in the organization, which is an example of trend analysis. Trend analysis examines historical data to identify patterns or trends in order to make predictions about future events or behaviors. Qualitative forecasting involves making predictions based on expert opinions or subjective factors, while ratio analysis involves analyzing financial statements to determine financial performance. Regression analysis involves examining the relationship between two or more variables to predict future outcomes.

Lars Is Reviewing the Past 10 Years of Acme Global's