Asked by Lavkush Tamrakar on Apr 24, 2024

verifed

Verified

Which of the following is a qualitative human resource forecasting method?

A) time series
B) nominal group technique
C) regression analysis
D) structural equation modelling technique

Nominal Group Technique

An organized approach for collaborative brainstorming designed to promote input from all participants and used for creating and ranking ideas.

Regression Analysis

A statistical method for modeling the relationship between a dependent variable and one or more independent variables by estimating equations.

Qualitative Method

Research methods that collect and analyze non-numerical data to understand concepts, opinions, or experiences.

  • Highlight the differences between qualitative and quantitative forecasting methodologies.
verifed

Verified Answer

WZ
Wenting ZhangMay 02, 2024
Final Answer :
B
Explanation :
The nominal group technique is a qualitative method that involves a group of experts brainstorming and discussing potential future scenarios and making predictions based on their experience and knowledge. This approach allows for subjective opinions and insights to be factored into the forecasting process. Time series, regression analysis, and structural equation modelling techniques are all quantitative methods that rely on statistical analysis of past data to make predictions about the future.