Question: Explain what steps are required to manage demand? What comprises the demand influencing process? Why is demand forecasting important for business decisions? Imagine that you

Explain what steps are required to manage demand? What comprises the demand influencing process? Why is demand forecasting important for business decisions?

Imagine that you need to introduce a new gadget such as the Apple Watch. Determine which forecasting method is appropriate for projecting the future demand of this gadget.

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