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Planners Need to Combine Statistical Forecasts of Labor Supply with Expert

Question 28

Multiple Choice

Planners need to combine statistical forecasts of labor supply with expert judgments because:


A) it would motivate the experts in the organization.
B) subjective judgments are always more reliable than historical data.
C) historical data may not always reliably indicate future trends.
D) statistical methods fail to account for historical trends.
E) statistical forecasts work well only in a dynamic environment.

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