ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the given options below the forecasting technique used?
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Estimation
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Rules of thumb
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Staffing projections
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All of the above
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Explanation:
Detailed explanation-1: -An exponential technique is a method of forecasting in Industrial Engineering.
Detailed explanation-2: -There are three basic types-qualitative techniques, time series analysis and projection, and causal models.
Detailed explanation-3: -While there are a wide range of frequently used quantitative budget forecasting tools, in this article we focus on four main methods: (1) straight-line, (2) moving average, (3) simple linear regression and (4) multiple linear regression.
Detailed explanation-4: -Simple linear regression is commonly used in forecasting and financial analysis.
There is 1 question to complete.