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.

What is the difference between dependent and independent demand?Explain

Dependent and independent demand 1. What is the difference between dependent and independent demand? 2. Should an MRP be used with dependent or independent demand items? 3. What are the objectives of the MRP? 4. Describe each of the seven uses of a bill of material described in the text. 5. Describe the processes of […]

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