Advantages of Computer Simulation in Forecasting
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Questions and Answers

According to the passage, which of the following statements is true regarding forecasting employment needs?

  • It does not require any analysis of the demand for labor.
  • It is a purely scientific process with little room for subjective judgment.
  • It involves making assumptions about future economic conditions and organizational goals. (correct)
  • Short-term forecasts are typically less accurate than long-term forecasts.

    • Which of the following is NOT mentioned as one of the questions that employment forecasting aims to answer?

  • What employees will be needed in the future?
  • How will the employees be recruited and selected? (correct)
  • What skills and talents will the employees need?
  • When will the new employees be needed?

    • According to the passage, which of the following statements is true regarding the accuracy of employment forecasts?

  • Long-term forecasts are generally more accurate than short-term forecasts.
  • The accuracy of forecasts is unrelated to the length of time they cover.
  • The accuracy of forecasts is solely dependent on the forecasting techniques used.
  • Short-term forecasts tend to be more precise and accurate than long-term forecasts. (correct)

    • Which of the following statements best describes the nature of forecasting employment needs, according to the passage?

    <p>It is more of an applied art than a science.</p> Signup and view all the answers

    Based on the information in the passage, which of the following statements is true regarding the assumptions made in employment forecasting?

    <p>Over a long period of time, economic conditions and organizational strategic objectives tend to change dramatically.</p> Signup and view all the answers

    According to the passage, which of the following statements best describes the role of probabilistic modeling and computer simulation in employment forecasting?

    <p>They are not mentioned as being relevant to employment forecasting.</p> Signup and view all the answers

    Which of the following statements is NOT implied by the passage regarding the development of a human resource planning system?

    <p>Probabilistic modeling is a crucial component.</p> Signup and view all the answers

    According to the passage, which of the following statements is true regarding the demand for labor in employment forecasting?

    <p>It involves analyzing what employees will be needed in the future.</p> Signup and view all the answers

    Based on the information in the passage, which of the following statements is true regarding the assumptions made in employment forecasting?

    <p>Assumptions about economic conditions and organizational goals are necessary for both short-term and long-term forecasts.</p> Signup and view all the answers

    According to the passage, which of the following statements best describes the nature of employment forecasting in practice?

    <p>It is usually informal, highly judgmental, and subjective.</p> Signup and view all the answers

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