When trying to forecast the number of employee hours required for work in a retail store during December,the HR planner used last December's ratio of total sales to total hours worked as the basis for an estimate for the current year's needs.What forecasting model is the HR planner using to predict future HR demand?
A)times series model
B)regression model
C)projection model
D)production model

Question

Quizplus · Accepted Answer

The HR planner is using a time series model, as they are relying on historical data (last December's ratio) to predict future demand.

When Trying to Forecast the Number of Employee Hours Required