(Answered) 1 describe a real or hypothetical situation that requires

Management Studies

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.

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