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.
Question A
Correct option is (iii) sought after, as it is indicated in the passage that "I was overwhelmed with gratuitous advice". Gratuitous means not required, or not necessary. Hence the author was not asking for advice, it was not sought after
Question B
Correct option is (iv) when he was on the steamer. It is indicated at the end of the passage that "The fellow passengers in the steamer began to advise us". After reading the statement, "I should want them after leaving Aden", you might feel that the correct option could be (ii) when he was in Aden, but the passage doesn't give enough information to confirm that the advice was give at the point when he was in Aden
Question C
The correct option is (iii) meat-eating would keep him healthy. It is indicated in the passage that "The majority of them said I couldn't do without meat in the cold climate. I would catch consumption.". Hence, the meat was supposed to keep him healthy and not catch consumption.
Question D
The correct option is (iv) he had promised his mother he would not do so. It is indicated in the passage that "My mother, before consenting to my departure, had exacted a promise from me not to take meat. So, I was bound not to take it, if only for the sake of the promise.".
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