BUSINESS ADMINISTRATION
HUMAN RESOURCES MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Inflows and outflows
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Turnover rate
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Conditions of work and absenteeism
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All of the these
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Detailed explanation-1: -Markov Analysis technique of forecasting is used to determine internal supply of manpower. It is the most important technique used to determine the human resource supply.
Detailed explanation-2: -Qualitative supply chain forecasting methods Methods include: Historical analogies. Sales force composition. Market research.
Detailed explanation-3: -Moving average. The moving average is one of the simplest methods for supply chain forecasting.
Detailed explanation-4: -Human resource forecasting techniques typically include using past data to predict future staffing needs. Additionally, organizations can use survey, benchmarking and modeling techniques to estimate workforce staffing numbers.
Detailed explanation-5: -The Delphi method uses multiple rounds of questionnaires sent to a panel of experts to work toward a mutual agreement or consensus opinion. The participants modify their responses based on the information brought forth by other experts participating in the analysis.