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 show the seasonality of demand.

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

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