HROB 4060 Lecture Notes - Lecture 3: Ford Model Y, Regression Analysis, Delphi Method

• School: University of Guelph
• Department: Human Resources and Organizational Behaviour
• Course: HROB 4060
• Professor: Mir Lofti

Document Summary

Quantitative methods ratio analysis, tend analysis, and regression analysis. Qualitative methods envelope/scenario planning, impact analysis, the delphi technique and the nominal group technique. Trend analysis quantitative forecasting method that extrapolates from historical organizational indices. Ratio analysis quantitative method of projecting hr demand by analyzing the relationship between an operational index and the number of ees required. Types of operational indices: number of units produced, number of clients serviced, the production. Some orgs use trend analysis to ascertain demand for: direct labour and indirect labour. Ee requirement ratio for each year to arrive at forecasted annual demand for labour. Effective for long, medium and long term horizons and is easily updated. Regression analysis presupposes that a linear relationship exists between one or more independent (causal) variables, which are predicted to affect the dependent (target) variable in our instance, future hr demand for personnel (number of personnel) B = slope between x and y.