Johnson Plumbing Supply supplies everything a plumber needs to install bathrooms,kitchens and outside faucets for a home.The owner of the plumbing supply house sees a relationship between its sale of PVC (plastic)pipe and both housing starts and the average age of houses in its region of the country.Given this relationship,what sales forecasting technique will Johnson Plumbing be most likely to use?

Question

Quizplus · Accepted Answer

Statistical demand analysis is the most appropriate technique in this scenario because it involves analyzing data (in this case, housing starts and the average age of houses) to predict future demand. This method uses statistical methods to identify the relationship between demand and factors that influence it, which aligns with the owner's observation of a relationship between PVC pipe sales and housing market conditions.

Johnson Plumbing Supply Supplies Everything a Plumber Needs to Install