Answer:
d. It involves the use of expert judgment to develop forecasts.
Explanation:
Forecasting :
Forecasting is the prediction technique of future demand by using past data.
The type of forecasting:
1 .Qualitative
In this technique ,expert gives own opinion regarding the future demand of any service or product.
2. Quantitative
In this technique
1 . The information can be quantified
2.Assume that future demand will follow a past demand curve.
3.. It can be used when past information about the variable being
forecast is available.
In the quantitative forecasting pert judgment does not use to develop forecasts.
Option d is the correct answer.
d. It involves the use of expert judgment to develop forecasts.
Hypothesis: An educated guess on the natural world possibilities
Theory: An explanation of the natural world aspect
Law: An aspect of how the natural world reacts under a specific circumstance
Hypotheses, theories, and laws all have natural world tests in common. Each of them are trying to provide the steps to guarantee a valid experimentation. You cannot have a valid experimentation without each of these. However, fact is also a need.
I believe the answer is a handful of wealthy farmers.
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