Identify the correct statement about forecasting. The primary goal of forecasting is to predict areas within the organization where there will be future capital shortages or surpluses for equipment. Judgmental methods are excellent for capturing historic trends in a company's demand for labor directional strategies. Under the right conditions, judgmental methods give predictions that are much more precise than those that could be achieved statistically. Forecasting, on both the supply and demand sides, can use either statistical methods or judgmental methods.

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position