GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This qualitative approach avails of the opinion of department managers on their future staffing needs.
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Statistical approach
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Judgmental approach
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Both statistical and judgmental approaches
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None of the above
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Explanation:
Detailed explanation-1: -Qualitative forecasting methods, often called judgmental methods, are methods in which the forecast is made subjectively by the forecaster. They are educated guesses by forecasters or experts based on intuition, knowledge, and experience.
Detailed explanation-2: -The three primary approaches used in qualitative forecasting are the expert opinion approach, the Delphi method, and the market survey approach. The expert opinion approach is simple and easy to implement.
Detailed explanation-3: -Examples of qualitative forecasting methods are, for instance, Informed opinion and judgment, Delphi method and Market research.
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