AE113 Managerial Economics

Analysis, Application and Exploration Week 05

We had just finished the discussion part. Let’s move on to the next higher
level of activity/ies or exercise/s that demonstrate your potential skills/knowledge
of what you have learned.

V. ANALYSIS, APPLICATION AND EXPLORATION

Name: ______________________________ Section: BSAIS- __________________

ACTIVITY 1
(Question for objective 1)
1. Do you agree in the maxim “No businessman can afford to ignore forecasting” and why?

2. Outline the statistical method of demand forecasting

ACTIVITY 2
(Question for objective 2)
1. Which among the methods of forecasting is the best used during the product lifecycle and why?
 AE113 Managerial Economics
Analysis, Application and Exploration Week 05

2. What are your own criteria for selecting a good forecasting method?

ACTIVITY 3
(Question for objective 3)
1. Give at least one example scenario of each enumerated limitations of demand forecasting.