Calculating the number of employees in the firm over the last three to five years in order to predict future needs is most associated with which of the following forecasting techniques?
A) Time-series analysis
B) A scatter plot
C) Regression analysis
D) Ratio analysis
E) Trend analysis

Question

Quizplus · Accepted Answer

Trend analysis involves analyzing past data to identify patterns and trends in order to forecast future needs. Calculating the number of employees in the firm over the last three to five years is a common example of trend analysis. Time-series analysis, scatter plots, regression analysis, and ratio analysis can also be used for forecasting, but they are not as directly applicable to this specific scenario.

Calculating the Number of Employees in the Firm Over the Last