Lars is reviewing the past 10 years of Acme Global's revenue levels and comparing that data 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 revenue levels and comparing it to the number of workers in the organization to create a chart for different production levels. This indicates that Lars is using trend analysis to identify patterns in the data over time. Option A, qualitative forecasting, involves subjective analysis and prediction based on expert opinions or intuition. Option B, rationing analysis, involves making decisions about allocating scarce resources. Option D, regression analysis, involves analyzing the relationship between two or more variables. Although regression analysis could be used to identify the relationship between revenue levels and the number of workers, this is not explicitly mentioned in the scenario.

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