If managers are asked to estimate their optimal headcount for the following year for staffing planning purposes,which of the following has been used?
A)ratio analysis
B)trend analysis
C)scatter plots
D)judgmental forecasting

Question

Quizplus · Accepted Answer

Judgmental forecasting involves using the experience and expertise of managers to make predictions about future headcount needs. As managers are being asked to estimate their optimal headcount, this suggests that judgmental forecasting is the most appropriate method for this scenario. Ratio analysis involves analyzing the relationships between different HR metrics, trend analysis involves looking at historical data to identify patterns, and scatter plots are used to display the relationship between two variables. None of these methods are as relevant or suitable for the situation in the question as judgmental forecasting.

If Managers Are Asked to Estimate Their Optimal Headcount for the Following