Exam 5: Determining HR Demand

What type of quantitative forecasting method projects HR demand by analyzing the historical relationship between an operational index and the number of employees required?

Refer to Scenario: Canadian Engineering Shortages.What human resource technique is being used to gather the data for the Engineers Canada labour market projection report?

Qualitative models may be useful when no formal planning exists and no formal data collection occurs around a planning process.

Trend analyses are complex since they require the analysis of multiple variables.

Perceived status differences may influence how experts express their views when forecasting in face-to-face groups.

A regression analysis is a linear equation between a single causal variable and multiple dependent variables.

Qualitative forecasting in the form of direct managerial input is the most commonly used method for determining workforce requirements.

An organization wants to use a qualitative demand forecasting method.Which of the following is a qualitative method?

What are some the advantages and disadvantages of the Delphi technique,where experts do NOT meet face-to-face?

What method of estimating HR demand extrapolates historical organizational indices to forecast future personnel needs?

An organization wants to determine its total HR demand requirement for operational or short-run time periods.What would be the best way to gather this information?

Why are assumptions necessary when implementing the steps of the nominal group technique?

Trend analysis involves examining the relationship between an operational index and the demand for labour (as reflected by the number of employees in the workforce).

Refer to Scenario: Canadian Engineering Shortages.What do the Canadian National Household Survey and the Canadian Labour Force Survey reports attempt to do?

Describe ratio analysis and outline the steps involved in conducting this forecasting method.What are the most common operational indices used by organizations?

If HR specialists use multiple predictor estimates of the future demand for personnel based on a variety of differing assumptions about how future events will unfold,what type of forecasting technique or analysis are they using?

Which of the following is NOT considered a benefit of the nominal group technique?

According to the textbook,when the Delphi technique was used to identify competencies for research chef,which of the following was NOT a topic for consideration?

Regression analysis is a statistical technique that permits the testing of multiple relationships simultaneously in a theoretically derived model.

Which of the following forecasting methods is the most commonly used qualitative method for determining workforce requirements?