Define forecasting.Give the two broad types of forecasting and give two synonyms or similar names of each of the main types of forecasting.

1. Define forecasting.

2. Give the two broad types of forecasting and give two synonyms or similar names of each of the main types of forecasting.

3. Define intrinsic and extrinsic forecasting.

4. Define DEMAND and give TWO sources of determining demand.

5. Define with specific examples what is dependent demand and independent demand.

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