? Use probability distributions for forecasting discrete and continuous uncertainties. ? Understand the benefit of using ranges and distributions versus point estimate when forecasting. ? Gain experience using scoring rules for evaluating multiple forecasts and understand the benefits and shortcomings of different scoring rules. ? Learn of a real-world environment, the Federal Reserve Bank of Philadelphia's Survey of Professional Forecasters, which makes use of probability forecasts. ? Learn of the dangers of overconfidence and anchoring when providing a forecast.