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C232 - Topic 3_Demand Methods

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colleenmills's version from 2017-08-17 16:11

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A statistical labor demand method that is based on a past relationship between the organization's employment level and a variable (such as sales)Linear regression
A statistical labor demand method that is based on a past relationship between the organization's employment level and two or more variables (such as sales and quality)Multiple Linear Regression
A statistical labor demand method that involves studying past ratios, say, between the number of workers and sales in an organization and forecasting future ratios.Productivity Ratios
A statistical labor demand method that uses past staffing levels to project future HR needsTime Series Analysis
A judgmental labor demand method that utilizes the opinions of supervisors, department managers, or others knowledgeable about the organization’s future employment needsManagerial Estimates
A judgmental labor demand method that involves group decision-making and forecasting that utilizes successively collating the judgments of expertsDelphi Technique
A judgmental labor demand method where the forecast is made by ranking or voting on the ideas of group membersNominal Grouping Technique
A judgmental labor supply method that show the names of the current occupants of positions in the organization and the names of likely replacementsReplacement Planning
A Judgmental labor supply method that tends to be longer term, more developmental and more flexible. Succession Planning
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