Forecasting Demand for Human Resource
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Forecasting Demand for Human Resource

Forecasting Demand for Human Resource

Trend Analysis

Ratio Analysis

Computrized Forecasting

Scatter Plot

Ratio analysis means analyzing the relationship of more than one factor or variable. These factors can be sales to people ratio or number of business unit to people ratio.

Trend analysis is about looking in to historical employment data such as number of people required in particular division or department. By looking at past data, managers can determine the level and number of people required in future.

Scatter plot is a graphical representation of relationship between two variables. It is similar to ratio analysis but the difference between ratio analysis and scatter plot is that ratio analysis shows relationship between variables in figures or in ratios while scatter plot shows such relationship in chart or graphical form.

Computer aided forecasting enable managers to calculate the human requirement of future based on more than one variable or factor. Computerized forecasting enable planner to make calculations which are more accurate and reliable mainly because of freedom of using more than one variables and using advanced statistical techniques.

Trend Analysis

Computrized Forecasting

Ratio Analysis

Scatter plot

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publish time: 2021-02-24
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This diagram talks about forecasting demand for human resoure through 4 asprcts,such as trend analysis,computrized forecasting,scatter plot and ratio analysis.Read it for details.

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