Asked by Chris Mckibben on May 07, 2024
Verified
Refer to Scenario 2.2. Which approach could Avie use to forecast demand for its products?
A) staffing tables
B) Markov analysis
C) skill inventories
D) trend analysis
Trend Analysis
A method used to predict future movements by examining historical data.
Markov Analysis
A statistical method used to predict future behaviors based on current and historical data, especially in decision-making and forecasting scenarios.
Staffing Tables
Graphic representations of all organizational jobs, along with the numbers of employees currently occupying those jobs and future (monthly or yearly) employment requirements.
- Acquire knowledge about the various methodologies and equipment used in the prediction of labor demand and supply.
Verified Answer
CC
Casey CarrollMay 10, 2024
Final Answer :
D
Explanation :
Trend analysis is a method used to forecast future demand based on historical data, which would be appropriate for Avie Products Inc. to predict the demand for its products in light of recent surges and economic conditions.
Learning Objectives
- Acquire knowledge about the various methodologies and equipment used in the prediction of labor demand and supply.