Certified Human Resource Professional (CHRP) Practice Exam

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Study for the Certified Human Resource Professional Test. Utilize multiple choice questions with detailed explanations to enhance your HR knowledge. Prepare thoroughly and increase your chances of passing the CHRP Exam.

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What is the study of population statistics called?

Econometrics
HR planning
Demographics
Markov analysis

The correct answer is: Demographics

The study of population statistics is referred to as demographics. This field involves the analysis of data related to the structure, distribution, and trends of populations, including factors such as age, sex, race, and migration patterns. Demographers utilize this data to make predictions about future population changes and to understand the implications of these changes for various sectors, including economics, health care, and social services. By focusing on demographic trends, organizations can better plan for workforce needs, tailor services to specific population segments, and comprehend broader societal shifts, which is crucial for effective human resource planning and development.