Types of Forecasting Take a position for or against this statement It is better to be approximately right than exactly wrong when developing public policy. Provide at least two reasons and one hypothetical example to support your position.

"It is ideal to be generally right than accurately wrong" is regularly ascribed to the market analyst, John Maynard Keynes, on the other hand, the first quote originates from Carveth Read, the British rationalist and scholar: It is ideal to be enigmatically right than precisely off-base. The hypothesis goes like this; when confronted with a choice, organization directors, people, and families take the way that is 'absolutely wrong' rather than picking the way that is 'enigmatically right', basically in light of the fact that they have more data about...