BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -This is the quickest HR forecasting technique. The technique involves studying past ratios, say, between the number of workers and sales in an organization and forecasting future ratios, making some allowance or changes in the organization or its methods.

Detailed explanation-2: -A causal model is the most sophisticated kind of forecasting tool. It expresses mathematically the relevant causal relationships, and may include pipeline considerations (i.e., inventories) and market survey information. It may also directly incorporate the results of a time series analysis.

Detailed explanation-3: -Ratio analysis is the process of determining the future demand for human resources by calculating the ratio between a particular business variable and the number of employees a company needs. It especially helps you forecast those growth-driven personnel needs.

Detailed explanation-4: -What Is Trend Analysis? Trend analysis is a technique used in technical analysis that attempts to predict future stock price movements based on recently observed trend data. Trend analysis uses historical data, such as price movements and trade volume, to forecast the long-term direction of market sentiment.

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.