A company uses a traditional forecasting method based on historical sales data. They are about to launch a completely new product in a new market. This forecasting method is most likely to be:

a$)$ Highly accurate due to the historical data

b$)$ Underestimate demand due to lack of historical data

c$)$ Overestimate demand due to overconfidence in the new product

d$)$ Equally likely to underestimate or overestimate demand