Asked by
Nadira Melia
on Nov 28, 2024
Verified
The forecasting term "envelope" is synonymous with the term "projection."
Forecasting Envelope
A method used to predict the future range of possible outcomes for various scenarios, often used in planning and budgeting.
Projection
A forecast or estimate of future situation or trend based on a study of present conditions.
- Acquire knowledge of the terminology relevant to HR forecasting, such as projection and envelope.
Verified Answer
AP
Learning Objectives
- Acquire knowledge of the terminology relevant to HR forecasting, such as projection and envelope.
Related questions
Prediction Is Best Defined as a Single Numerical Estimate of ...
What Type of Forecasting Occurs in the Range of One ...
Which of the Following Is NOT Related to Attrition
The Focus on External Human Capital Supply Is the Key ...
What Is the Difference Between Trend Analysis and Management Forecasts ...