TRL4861 Assignment 2 (COMPLETE ANSWERS) 2025 - DUE September 2025

TRL4861 Assignment 2
(COMPLETE ANSWERS)
2025 - DUE September
2025
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[School]
[Course title]

, TRL4861 Assignment 2 (COMPLETE ANSWERS) 2025 - DUE September 2025



 Course

 Advanced Transport Management (TRL4861)

 Institution

 University Of South Africa (Unisa)

 Book

 Transportation Management

TRL4861 Assignment 2 (COMPLETE ANSWERS) 2025 - DUE September 2025; 100% TRUSTED
Complete, trusted solutions and explanations

You are planning to establish a road freight business specialising in transporting building
materials to rural areas of KwaZulu-Natal (KZN). To forecast demand for building materials in
these regions for the years 2025 and 2026, apply five demand forecasting methods and five
quantitative forecasting methods. In your discussion: 1. Explain the fundamental differences
between demand forecasting methods and quantitative forecasting methods

Differences Between Demand Forecasting and Quantitative Forecasting

🔹 Demand Forecasting Methods

 Definition: Demand forecasting involves estimating future customer demand for a
product or service.

 Scope: Broader, often includes qualitative and judgment-based methods alongside
quantitative data.

 Focus: Looks at market behavior, customer needs, economic trends, and industry
patterns.

 Sources: Includes expert opinions, market research, and historical data.

 Use Case: Useful when historical data is limited, or during new product launches or
entry into new markets like rural KZN.

🔹 Quantitative Forecasting Methods

 Definition: These are statistical and mathematical techniques that rely strictly on
historical data.