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How models can use real data to create forecasts

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Question: Chapter 17 introduced some challenges to policy making in developing countries. If you were an analyst working for the St. Petersburg Informational and Analytical Center, explain how you would use data available to you to prepare a report for the Governor for the State Program "Combating Proliferation of Drugs." Briefly explain what you would include in your report to detail the problem, and what the forecast results would be for each of several responses to the problem. (You do not have to use actual data from a real model for this discussion.) The idea is to focus on how models can use real data to create forecasts.

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Reference no: EM132411722

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