2. Workforce Planning

Workforce Forecasting — Quiz

Test your understanding of workforce forecasting with 5 practice questions.

Practice Questions

Question 1

Which of the following best describes the purpose of using a gap analysis in workforce forecasting?

Question 2

A company is using exponential smoothing to forecast future staffing needs. The smoothing constant is $\alpha = 0.3$. If the previous forecast for the number of employees was 150 and the actual number of employees was 160, what is the new forecast?

Question 3

Which of the following is an example of using expert judgment in workforce forecasting?

Question 4

A company is using a linear regression model to forecast staffing needs based on revenue. The regression equation is $E = 25 + 0.004R$, where $E$ is the number of employees and $R$ is the revenue in dollars. If the projected revenue is $50,000,000$, what is the forecasted number of employees?

Question 5

Which of the following best describes the use of a replacement chart in workforce forecasting?