A manager has gathered data on staffing levels over time, and then predicts future requirements based on the pattern of demand, taking seasonal variations in demand into account.This equation is used to predict future staffing levels.This is an example of ________.
A) regression analysis
B) ratio analysis
C) trend analysis
D) Markov analysis

Question

Quizplus · Accepted Answer

The scenario describes a situation where a manager is using historical data of staffing levels and seasonal demand patterns to predict future staffing requirements. This is an example of trend analysis, which involves analyzing past data to identify patterns and trends that can be used to make predictions about the future. Regression analysis involves establishing a relationship between two or more variables, whereas ratio analysis involves comparing different items on a financial statement. Markov analysis involves analyzing transition probabilities between different states.

A Manager Has Gathered Data on Staffing Levels Over Time