According to the textbook,which qualitative approach to forecasting human resources needs has the advantages of facilitating the exchange of ideas as well as greater acceptance of results?
A) The nominal group technique
B) Trend analysis
C) Regression analysis
D) An informal expert forecast
E) A formal expert forecast

Question

Quizplus · Accepted Answer

The nominal group technique is a qualitative approach to forecasting that involves a brainstorming session with a group of experts. The technique promotes the exchange of ideas and encourages all members to participate. This inclusive process often leads to greater acceptance of the results than other methods. Trend analysis and regression analysis are quantitative approaches that rely on data analysis rather than expert opinions. An informal expert forecast may not be as inclusive as the nominal group technique, while a formal expert forecast may be too structured for open discussion.

According to the Textbook,which Qualitative Approach to Forecasting Human Resources