Why do organizations combine statistical and judgmental forecasts of labor demand, rather than relying on statistics or

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Why do organizations combine statistical and judgmental forecasts of labor demand, rather than relying on statistics or judgment alone? Give an example of a situation in which each type of forecast would be inaccurate.

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Fundamentals of human resource management

ISBN: 978-0073530468

4th edition

Authors: Raymond A. Noe, John R. Hollenbeck, Barry Gerhart, Patrick M

Question Posted: Oct 01, 2012 05:50 AM

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Why do organizations combine statistical and judgmental forecasts of labor demand, rather than relying on statistics or

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Statistical methods capture historic trends in a companys deman...View the full answer

Fundamentals of human resource management

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