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Quantitative methods
• Moving average
• Exponential smoothing
• Trends projections
• Regression
• Linear programming
• Actuarial models
• Simulations
• Probability matrix's
Qualitative Methods
• Delphi technique: face to face meeting a group of experts
• Nominal group technique: a small group of experts meet face to face solving specific matters.
forecasting- The interaction between the decision maker’s perceptual and cognitive processes and the objective characteristics of their environment.
Benefits of HR Forecasting:1. Reduces HR costs2. Increases organizational flexibility3. Ensures a close linkage to the Macro Business Forecasting Process4. Ensures that organizational requirements take precedence over issues of resource constraint and scarcity.
