Anthony is a company's HR Manager and he is helping the production department determine seasonal employee needs. Anthony tracks the productivity levels of the year on a graph and fits a line through the points to predict future needs over different time periods. Which forecasting method is Anthony using?

Question

Quizplus · Accepted Answer

Anthony is tracking productivity levels and using a line of best fit (regression line) to predict future needs. Regression analysis helps in identifying the relationship between two or more variables and forecasting based on that relationship. Therefore, Anthony is using regression analysis as a forecasting method in this scenario.

Anthony Is a Company's HR Manager and He Is Helping