Rewrite the following questions:
1- Demand Forecasting (DF) is forecasting technique to predict future demand of the product on the basis of past event or demands. This type of forecasting is on the verge of criticism due to high inventory expenses and uncertainty in the future demand due to unexpected events. Demand Forecasting technique is much popular in the manufacturing industries having high lead time. To minimize cost and maximize productivity demand forecasting suggest lot or batch production.
2- Company executive make bold predictions about future demand to Wall Street Analyst to keep the stock price high and the investor interested in making investments in their company.
3- An executive's comment to Wall Street analyst may end up in company modifying its demand forecasting in order to meet the expectations of the comment made by their executives. This results in excessive inventory as area manager are well aware of their territory demands and inventory starts pilling up at the starting end of the distribution channel which then shifts to the upstream supplier causing cost and production problem to the company.