Professional Documents
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Managerial Judgment: This technique is very
simple. In this, managers sit together, discuss
and arrive at a figure, which would be the
future demand for labor. The technique may
involve a µbottom-up¶ or a µtop-down¶
approach.
atio trend analysis based on past analysis
between a business factor to employment
and employment level itself. This is the
quickest forecasting technique. The
technique involves studying past ratios say,
between the number of workers and sales in
an organization and forecasting future ratios,
making some allowance for changes in the
organization or its methods.