Define Forecasting and Discuss Its Importance

question 109

Essay

Define forecasting and discuss its importance.Describe the two types of forecasting described in the text.

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Definitions:

Alcoholics

Individuals who suffer from alcoholism, a chronic disease characterized by uncontrolled drinking and a preoccupation with alcohol.

Personality Traits

Enduring characteristics that describe an individual's behavior, thinking patterns, and emotional reactions.

Stressful Events

Situations or occurrences that cause substantial strain or tension, requiring adaptation or coping mechanisms.

Homeostasis

The self-regulating process by which biological systems maintain stability while adjusting to conditions that are optimal for survival.