Use of quantitative statistical tools for economic analysis of demand and supply

Abstract

The globalization of markets poses enormous challenges for the field of industrial engineering, since vital aspects such as supply and demand are becoming phenomena of constant analysis. For this reason, and in order to learn about the instruments proposed by statistics to facilitate this type of study, the results of a literature review are presented below, which identifies the mechanisms that can be associated with economic analysis and market projections. As a result, we obtain postulates of timely application in this type of requirements and the conclusion points to great opportunities for optimization for the professional practice of the industrial engineer in search of continuous improvement of business processes.