1. Describe a real or hypothetical situation that requires someone to make a policy decision. Then, select one of the three approaches to forecasting to apply: extrapolative, theoretical, or judgmental. Provide at least two reasons for your selection of the forecasting approach.
2. Debate It: Take a position for or against this statement: It is better to be approximately right than exactly wrong. Provide at least two reasons and one hypothetical example to support your position.