1. briefly sum up two types of forecasting strategy (aggressive/optimistic forecasts vs. conservative/pessimistic forecasts).
2. Which is your preferred scenario? New York Knicks fans are complaining because their team lacks talent despite having nearly $20 million in cap space to be spent while Blackhawks fans were upset with having to trade Leddy in order to be under the cap. Which scenario would you prefer your favorite team be in? Do you rely on the forecast and deal with the consequences of inaccuracy or wait until the actual cap is set to make important decisions and risk missing out on top talent?

PLEASE BE 400 WORDS