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1 . ( Forecasting in daily life: we all forecast, all the time ) a . Sketch in detail three forecasts that you make routinely,

1.(Forecasting in daily life: we all forecast, all the time)
a. Sketch in detail three forecasts that you make routinely, and probably informally, in
your daily life. What makes you believe that the forecast object is predictable?
What factors might introduce error into your forecasts?
b. What decisions are aided by your three forecasts? How might the degree of
predictability of the forecast object affect your decisions?

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