Demand forecasting is the primary data for decision making in any organization. We have learned that this data has some significant consequences on organizational performance. Select any product of any company of your choice. Based on your product selection, answer the following questions with justifications.

a)What will happen if that organization would not conduct a demand forecast for that product at all?

b)What will happen if the organization conducted a demand forecasting but did not consider various relevant market factors? (Assuming there is a severe issue of forecasting accuracy)

c)What will happen if the organization is confident that it can predict demand with 100% accuracy? (Assume it is true)