Why do organizations care about forecasting and demand planning?

How can organizations balance supply and demand and know when there will be a significant increase or decrease with demand?

What is a statistical forecasting tool and how will it help organizations make quality decisions with their forecasting and demand planning?

When is it appropriate not to statistically forecast?

What is ROI and how does forecasting and demand planning help with your ROI decision making process?

Explain one strategy mentioned in this video that surprised you.