What is the solution? Clearwater Electronics is revising its strategic HR plan and comparing employment needs to the level of sales. The company has recently seen a 30 percent increase in sales, and the salespeople say that they anticipate an increase soon of 70 percent. However, the HRdirector, who oversees the HR planning process, does not believe the company will need to hire 70 percent more employees to meet the projected sales numbers. How can a simple linear regression, as part of the HR planning process, help the HR director make a moreaccurate determination of projected staffing needs?O A simple linear regression will help the HR director by showing a positive linear relationship between employment, sales, and production.O A simple linear regression will help the HR director by comparing all parameters of the relationship between sales and other functions of the business.O A simple linear regression will help the HR director by looking at the cause-and-effect relationship between sales and employees' production.O A simple linear regression will help the HR director by correlating the relationship between past staffing needs and sales to determine the number of employees to hire.

HR is the arrangement of individuals who make up the labor force of an association, business area,…

Electronics is revising its strategic HR plan and comparing employment needs to the level of sales. The company has recently seen a 30 percent increase in sales, and the salespeople say that they anticipate an ho oversees the HR planning process, does not believe the company will need to hire 70 percent more employees to meet the projected sales numbers. How can a simple linear regression, as part of the HR planı termination of projected staffing needs? DA simple linear regression will help the HR director by showing a positive linear relationship between employment, sales, and production. DA simple linear regression will help the HR director by comparing all parameters of the relationship between sales and other functions of the business. DA simple linear regression will help the HR director by looking at the cause-and-effect relationship between sales and employees' production. DA simple linear regression will help the HR director by correlating the relationship between past staffing needs and sales to determine the number of employees to hire.

Electronics is revising its strategic HR plan and comparing employment needs to the level of sales. The company has recently seen a 30 percent increase in sales, and the salespeople say that they anticipate an ho oversees the HR planning process, does not believe the company will need to hire 70 percent more employees to meet the projected sales numbers. How can a simple linear regression, as part of the HR planı termination of projected staffing needs? DA simple linear regression will help the HR director by showing a positive linear relationship between employment, sales, and production. DA simple linear regression will help the HR director by comparing all parameters of the relationship between sales and other functions of the business. DA simple linear regression will help the HR director by looking at the cause-and-effect relationship between sales and employees' production. DA simple linear regression will help the HR director by correlating the relationship between past staffing needs and sales to determine the number of employees to hire.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 4E

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