3. Answer the following questions in the text box below the series of questions. a. Define technical forecast, fundamental forecasting and market-based forecasting. What are the advantages and limitations of each? b. What are the five reasons why firms forecast? Define and give an example of each. c. What is sensitivity analysis and when is it used? d. How are regression formulas developed and used in exchange rate forecasting? I e. If the 30 day forward exchange rate on the Euro is $1.09 and most speculators expect the spot rate of the Euro in 30 days to be $1.12 what action will be taken? f. What is forecast bias? Give an example