Forecasting techniques used are trend analysis, ratio analysis, and linear regression .
Projection of future demand is based on the past relationship between the workforce level and the basic factor on which the demand is assumed to depend.
Example1: Size of Hospital (No. of Beds) | Number of Nurses |
200 | 240 |
300 | 260 |
400 | 470 |
500 | 500 |
600 | 620 |
700 | 660 |
800 | 820 |
900 | 860 |
y=1.044 X - 28.13
R
2 = 0.973
Example2: Sales / 1,000,000 JD | Number of Sales men |
2.351 | 164 |
2.613 | 235 |
2.991 | 299 |
3.211 | 318 |
3.412 | 325 |
3.621 | 341 |
3.814 | 352 |
y = 0.007x + 0.974
R² = 0.906