How forecasting and projections are used in policy analysis

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Reference no: EM131871390

Question: 1. Explain what evaluative criteria are in general and how they are used.

2. When is cost-benefit analysis used? How is it done? How is cost-effectiveness analysis different?

3. Define opportunity cost, discount rate, and contingent valuation methods (all related to cost- benefit analysis).

4. How do analysts evaluate risks or potential impact of policy proposals?

5. Explain how forecasting and projections are used in policy analysis.

Reference no: EM131871390

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