Respuesta :
The attempts to determine the supply of and demand for various types of human resources is called '' Forecasting''.
Forecasting is the technique of estimating and predicting future consumer demand for a good or service using predictive analysis of previous data. By estimating future sales and revenue, forecasting assists the company in making more educated supply decisions.
Forecasting helps in determining supply of and demand for various types of human resource that's why it also called demand forecasting. Demand forecasting is essential because it enables a company to set accurate inventory levels, price its goods appropriately, and determine how to grow or shrink its operations in the future.
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