PARAPRASE "Trend Analysis:

Trend analysis involves reviewing historical data and identifying patterns or trends to predict future outcomes. In the context of Human Resource Planning, trend analysis can be used to forecast future labor requirements by analyzing historical staffing levels and identifying patterns in hiring trends. For example, if a company notices a consistent increase in sales over the past few years, they may use trend analysis to predict the need for additional sales staff in the future.

Ratio Analysis:

Ratio analysis involves calculating specific proportions or ratios between different business factors to gain insights into performance and make predictions. In Human Resource Planning, ratio analysis can be used to determine the ratio of employees to various business factors such as production output, revenue, or customer demand. For instance, a manufacturing company may use the ratio of production output to the number of employees to estimate future labor requirements based on projected changes in production levels.

In summary, trend analysis helps identify patterns in historical data to predict future outcomes, while ratio analysis calculates specific proportions between business factors to inform decision$-$making. Both methods are valuable in HR planning to forecast labor requirements and make informed staffing decisions."