Relying on the expertise of people in the organization to predict a firm's future employment needs is called __________.
A) trend analysis
B) ratio analysis
C) judgmental forecasting
D) interest rate forecasting

Question

Quizplus · Accepted Answer

Judgmental forecasting involves relying on the expertise of individuals or groups within the organization to make predictions about future employment needs. Trend analysis involves analyzing historical data to identify patterns and make predictions about the future, while ratio analysis involves comparing different data points within the organization (such as the number of employees to the revenue generated) to make predictions. Interest rate forecasting has to do with predicting changes in interest rates and is not related to employment needs.

Relying on the Expertise of People in the Organization to Predict