What type of forecasting method is concerned with existing assumptions based on historical data to create ratios of production or sales amounts to human capital needs?
A)process-based rules
B)event-based rules
C)norm-based rules
D)transaction-based rules

Question

Quizplus · Accepted Answer

This type of forecasting method is known as norm-based rules. It involves using historical data to create ratios or norms of production or sales amounts to human capital needs. This method assumes that the past will repeat itself and that there is a stable relationship between business activities and human capital requirements.

What Type of Forecasting Method Is Concerned with Existing Assumptions