Scribd
Upload
82 views

Assignment 21

Avie should use a combination of quantitative and qualitative approaches to forecast product demand. Quantitatively, trend analysis of past sales history can anticipate future demand. Qualitatively, management forecasts are also important given current economic downturns. Using both trend analysis and management forecasts together provides the most reliable demand forecast.

Uploaded by

aka619ASH
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
82 views

Assignment 21

Avie should use a combination of quantitative and qualitative approaches to forecast product demand. Quantitatively, trend analysis of past sales history can anticipate future demand. Qualitatively, management forecasts are also important given current economic downturns. Using both trend analysis and management forecasts together provides the most reliable demand forecast.

Uploaded by

aka619ASH
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

1. Which approach would be the best for Avie use to forecast demand for its products?

Answer- In my opinion Avie should use the combination of both quantitative as well as
qualitative approaches for forecasting the demand. It can use trend analysis for quantitative
approach to anticipate future demand based on the past sales history of the company. At the
same time as theare some economic downturns in the global environment; therefore, in this
case using qualitative approach such as management forecast will be equally important.
Therefore, to get more reliable demand forecast company should use the combination of both
trend analysis (quantitative approach) as well as management forecast (qualitative approach).

You might also like