Demand forecasting is a quantitative aspect of human resource planning. It is the process of estimating the future requirement of human resources of all kinds and types of the organization and it does not happen in vacuum. There are several factors which influence the process of demand and supply forecasting, discuss all these factors in detail and discuss about the impact which all these factors carry out on the human resource planning altogether?

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Demand forecasting helps managers to estimate the personnel that might be available in the future ba... View the full answer