Question: Q1. In demand forecasting why should a manager be suspicious if a forecaster claims to forecast historical demand without any forecast error? Give examples of

Q1. In demand forecasting why should a manager be suspicious if a forecaster claims to forecast historical demand without any forecast error? Give examples of products that display seasonality of demand.

Q2. Explain how do static and adaptive forecasting methods differ? What is the problem if a manager uses last years sales data instead of last years demand to forecast demand for the coming year?

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