In the context of forecasting the demand for labor, using trend analysis, inventory levels, changes in technology, and actions of competitors are examples of
A) leading indicators.
B) performance indicators.
C) coincident pointers.
D) transitional matrices.
E) functional pointers.

Question

Quizplus · Accepted Answer

These are all examples of leading indicators, which are factors that can provide insight into future changes in demand for labor. Trend analysis can reveal patterns and potential future direction in the labor market, inventory levels can indicate production levels and potential changes in staffing needs, changes in technology can affect the types of skills needed in the workforce, and actions of competitors can lead to changes in market demand and hiring needs.

In the Context of Forecasting the Demand for Labor, Using