• 1. You will be formed into teams.
• 2. Each team will be asked to "forecast" several historical values.
• 3. For each forecast, you should estimate a value for the series.
• 4. Also, provide lower and upper bounds for an interval which is likely to contain the true value.

=>Your forecast will earn points only if your interval contains the true historical value.

=> The number of points earned will be the number of teams which miss the value or use an interval as wide as yours (or wider).

CARS = The number of passenger cars registered in the United States in the year 1993.

SKATE = The winning time (in seconds) for the Olympic Men's 1500 meter speedskate at the 1994 Winter Olympics.

BEER = The total amount of beer (in barrels) produced in the United States for the third quarter (July, August, September) of 1993.

SALES = The total value of all retail sales in the United States during November of 1993 (repeat for December 1993)