Consequences of overestimating verse underestimating demand

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Reference no: EM132196749

To help pay their college expenses, two of your friends invested in a hot dog concession stand that they plan to operate during sporting events and during lunch on campus. They have asked for your help in forecasting the demand for the hot dogs. How would you develop a forecast for demand, assuming that no historical data are available? What are the consequences of overestimating verse underestimating demand?

Reference no: EM132196749

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