Describe three predictions you need to make about the future in order for your plans to be successful. These might be predictions about the economy, other people's behavior, health, the economy, politics, and your own preferences, to mention just a few possibilities. One prediction must be quantitative e. g. income. For each prediction, check the appropriate box as to whether it is deterministic, stochastic/risk, or stochastic/uncertain. Explain why your prediction is deterministic, stochastic/risk, or stochastic/uncertain and how you will make the prediction using the techniques in this module.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

I’ll try to check this out.

Answerno influence over determining price;

Any choices so i can ?