THIS IS OUR FORECASTING TO OUR BRAND - Shakey's Pizza. I just need someone to add more information that can help the forecasting better.

NO REFERENCE BECAUSE IT'S MY PAPERWORK

a.Tools

1.Judgmental approach - The Shakey's Pizza Asia Ventures Inc. acknowledges the high probability of the consumer's inclination to products that are of quality. Therefore, when they see that the products are of high standards, they will persuade others to buy the same product. Using this method, the company collects the data and conclusions of the individuals.

2.Bottom-up approach- This method enables Shakey's Pizza Asia Ventures Inc. to conduct studies where everyone contributes their conclusions, from their customers to executive managers, who produce their final estimate. This procedure enabled the company to create innovative limited-edition products, which may have increased the demand. This technique was also used by the Shakey's wherein their salespeople or customer service forecast their sales in their respective department or branch then combined at the office, and the equal amount of all these factors is used to make an appropriate company's overall sales forecast.

3.Consensus methods - this method is used by the higher ups of the company to make the best decisions for the Shakey's Pizza Asia Ventures Inc.'s. In a political and economic sense, they would be able to know how to market their products properly and with ease for the consumers who are interested in participating.

4.Tentative Approach - This forecasting tool involves the use of customer surveys and consumer panels. Customer surveys are either done through their phone application, website, and inside their restaurant branches wherein customers answer questions related to their interests on the flavors that they prefer or their insights about the products the company has. Customer surveys and consumer panels are used in this forecasting tool. Customer surveys are conducted through their phone application, website, and within their restaurant branches, in which customers respond to questions concerning their preferences for tastes or their knowledge and insight into the products offered by the company. As a forecasting tool, this approach makes the business comprehend what their customers would like to see in products they produce, provided that they prioritize what their consumers want.

5.Test Marketing Technique - Shakey's Pizza Asia Ventures Inc.'s uses this forecasting tool to forecast demand for new products when new flavors are introduced. It aids in determining whether a new product sells successfully in the market; typically, these items are only available for a limited time, and the latter showed so trendy that it would be permanently added to the official menu. This technique is used to foresee or determine how the consumers will react when the new product will be released to the market. It aides in the forecasting if whether the product is going to be loved or ignored by their target consumers.

6.Time Series Techniques - Shakey's Pizza Asia Ventures Inc. employs this technique to determine its goal for the coming years by observing whether a given asset, security, or economic variable evolves every time. It can compare the changes based on the selected piece of data to improve other factors over the same time frame. The organization may also use this method to evaluate the pattern for new products that should be launched or products that