Question 2 Forecasting (10 marks | Word limit: 400 words) For this question, you will need to answer each part with reference to the planned business. Any assumptions you make need to be relevant to Emily and Kate's situation and to your answer. Emily and Kate have been researching economic forecasts and are trying to predict if one particular economic variable leads to an increase in demand for hospital services. They are frustrated by economic forecasts from the professionals and are finding the forecasts to be a bit 'hit-and-miss'. Note: You are required to undertake independent research to answer the following questions. (a) Explain to Emily and Kate the impact of economic forecasting on asset prices. (5 marks) (b) Select a relevant economic variable that can be forecast and describe how changes in the variable may impact on their planned overseas expansion to New Zealand, Hong Kong and Singapore. (5 marks) Criteria-based marking guide for Question 2(a){b) Excellent Satisfactory Unsatisfactory . clear and concise . adequate and mostly . incorrecto explanation explanation of the impact correct explanation of of the impact of (Range: 5 marks) {bl (Range: 5 marks) of economic forecasting on asset prices (Range: 45 marks) detailed and clear explanation of how the economic variable selected will impact on overseas expansion evidence of independent research that considers a range of relevant, appropriate sources to support conclusion (Range: 45 marks) the impact of economic forecasting on asset pnces (Range: 2.53.5 marks) . adequate and mostly correct explanation of how the economic variable selected will impact on overseas expansion . evidence of adequate research that considers sources that are mostly relevant/appropriate in support of conclusion (Range: 2.53.5 marks} economic forecasting on asset prices (Range: 02 marks) incorrecto explanation of how the economic variable selected will impact on overseas expansion little to no evidence of independent research and/or many/all sources are not appropriate and/or many/all sources do not support conclusion (Range: 02 marks)