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    Assignment 21

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    aka619ASH
    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.

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    Assignment 21

    Uploaded by

    aka619ASH
    77 views1 page
    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.

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    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.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    77 views1 page

    Assignment 21

    Uploaded by

    aka619ASH
    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.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    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).

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