1. Many real-world decision problems consist of asequence of dependent decisions

1. Many real-world decision problems consist of asequence of dependent decisions. Develop a scenario that has a series/sequence of activities applicable to aDecision Tree type analysis. Explain why the scenario you selected is applicable. Also identify and explaincritical factors that should be consider. Are there any risks in your scenario? Respond to at least two of yourclassmates postings.2.Compare and contrast the stationary forecasting modelapproach with that of a time series forecasting approach. Identify and explain key factors that are relevant inthe selection of a specific approach. Respond to at least two of your classmates postings.