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Which forecasting method would be most suitable in this situation where a tech startup is launching a revolutionary wearable fitness device? They need to predict demand accurately despite having no historical data.
a. Extrapolating trends from a different product category
b. Relying on expert opinions from the fitness industry
c. Implementing a market simulation based on pre-launch interest and beta-testing data
d. Using a conjoint analysis to understand consumer preferences and predict demand

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