Part D: Answer the following questions on sales forecasting and Bass model. $(30$ points$)$

Why is sales forecasting important? Mention any two reasons. $(3$ points$)$

The Bass diffusion model assumes that two types of people adopt a product $-$ innovators and imitators. Could you describe these types of people? Be thorough. $(3$ points$)$

What are the assumptions of Bass Diffusion model? $(4$ points$)$

In class, we looked at an example of a skateboard manufacturer. The sales data for that analysis was as follows:

$\backslash$table$[[\backslash$table$[[$Time$],[$period$]],\backslash$table$[[$Sales$],[n(t)$