In human resource forecasting,______ is a statistical technique that identifies the relationship between a series of variable data points for use in forecasting future variables.
A) quantitative forecast
B) regression analysis
C) qualitative forecasting
D) trend analysis

Question

Quizplus · Accepted Answer

Regression analysis is a statistical technique used to identify the relationship between two or more variables. In HR forecasting, regression analysis can be used to identify the relationship between certain human resource variables such as employee turnover, productivity, and recruitment. This relationship can then be used to forecast future variables such as future turnover rates or productivity levels. Quantitative forecasting involves using numerical data, while qualitative forecasting involves using expert opinions or subjective judgments. Trend analysis involves identifying patterns or trends in data over time. While trend analysis can be useful in HR forecasting, it does not specifically identify the relationship between variables. Therefore, the best choice for this question is B) regression analysis.

In Human Resource Forecasting,______ Is a Statistical Technique That Identifies