I need answers for the question with examples to please.

W3: Demand Estimation Why is knowing (or estimating) the product demand so crucial for a firm? What are the differences between estimating and forecasting demand? In your response, include an example of a business that has suffered from poorly forecasting the demand of its products. Evaluate how or why the business made such a mistake. To keep our discussion more interesting, please use examples that are not from our textbook