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NEW QUESTION: 1
Measuring staffing needs against sales volume could be done most effectively by using which of the following techniques?
A. A simulation model
B. A multiple linear regression
C. A ratio
D. A simple linear regression
Answer option B is correct.A simple linear regression measures one variable against another. Multiple linear regression (A) measures more than one variable against others. A ratio (D) compares one number to another. A simulation model uses a computer program
(C) to predict the possible outcomes of different business scenarios.
See Chapters 2 and 4 for more information.
Chapter: Core Knowledge Requirements for HR Professionals
Objective: Qualitative and Quantitative Analysis